While discounts in several funds have widened as 23 June approaches, we believe that the potential risks of Brexit are being underestimated. There is a possibility such a vote triggers fresh questions about the irreversibility of the euro. Another risk of a vote to exit the EU is re-emergence of the issue of Scottish independence. We believe that we would see a significant increase in volatility in the short-term and our best case scenario is markets have limited upside. We re-iterate our cal
16 Jun 2016
Brexit risks underestimated by the markets
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Brexit risks underestimated by the markets
Invesco Income Growth Trust (IVI:LON) | 0 0 0.0%
- Published:
16 Jun 2016 -
Author:
Saumya Banerjee -
Pages:
8
While discounts in several funds have widened as 23 June approaches, we believe that the potential risks of Brexit are being underestimated. There is a possibility such a vote triggers fresh questions about the irreversibility of the euro. Another risk of a vote to exit the EU is re-emergence of the issue of Scottish independence. We believe that we would see a significant increase in volatility in the short-term and our best case scenario is markets have limited upside. We re-iterate our cal