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Will Hobbs, Head of Investment Strategy, UK and Europe, talks to Rupert Howard, Head of Investment for Discretionary Portfolio Management, about the recent market activity following the UK’s EU Referendum.

The results of the EU Referendum caused significant volatility to markets, pushing sterling to lows not seen in over 30 years. Despite this, Rupert has seen portfolios remain flat or slightly up, due to their diversification of asset class and currencies, which helped to cushion the shock to the political and economic systems.

Rupert considers the move to sell European equities prior to the Referendum result as accretive to performance, giving portfolios a reasonable amount of cash to re-invest back into the market. Given the uncertain outlook, Rupert will be monitoring the situation on a daily basis looking for the right moment to put that cash back to work.

Download the graphs referred to [PDF, 60KB]

This video is intended for existing Discretionary Portfolio Management clients of Barclays. This video does not constitute a recommendation or advice of any kind.