On June 23, 2016, the United Kingdom will vote either to remain in or leave the European Union (EU). This is an important vote. If a British exit, or “Brexit,” occurs, the UK would be the first country to leave the EU, and it will affect how the UK develops over the coming decades.
Vontobel Asset Management, which serves as subadviser to several global/international Virtus Funds, believes the vote is about more than just economics. Their paper “Brexit Risk” presents the risks posed by the referendum to the growth prospects of the companies in which they invest, and explains why they do not anticipate an important impact on their UK holdings if a “leave” vote prevails.
Read the Paper