Doug Foreman, CFA, Chief Investment Officer, Kayne Anderson Rudnick
The Brexit vote was clearly an unpleasant surprise for investors. Why did this happen? What does it mean? What are the implications for markets?
History provides some clues.
It's our built-in psychological biases that lead to bad decisions and ultimately drive our long-term financial success.
On June 23, 2016, the United Kingdom will vote either to remain in or leave the European Union (EU).
Despite a strong rally in emerging-market local-currency debt in 2016, a widening yield differential with US rates points to the long-term value of the asset class.
Past performance is not a guarantee of future results.
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