60 seconds with Remi Olu-Pitan on the market's reaction to Brexit

Watch Remi Olu-Pitan talk about the referendum result and what it means for financial markets.


Remi Olu-Pitan

Remi Olu-Pitan

Fund Manager, Multi-asset

Brexit; one has to digest what that means, and this is exactly what the market is doing. What does this separation mean for the UK economy, Europe and also global markets?

Market response

The first response is to move to safety, this is why assets such as government bonds are doing well, gold is appreciating and the yen and the dollar are appreciating. This is creating dislocations. We can see quality assets outperforming and value underperforming. The next few days or weeks will remain quite volatile.

Exploiting market dislocations

For us, it is about trying to identify how we can exploit these dislocations. While Brexit does have longer term implications for the UK economy, Europe and global markets, there are winners and losers. Right now, with a clear head, we need to focus on identifying the winners, and avoiding the losers.

Important information: The views and opinions contained herein are those of the author(s) on this page, and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. This article is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions. Past performance is not a reliable indicator of future results, prices of shares and the income from them may fall as well as rise and investors may not get back the amount originally invested. Issued by Schroder Investment Management Limited, 31 Gresham Street, London EC2V 7QA, which is authorised and regulated by the Financial Conduct Authority. For your security, communications may be taped or monitored.