{"id":1323,"date":"2016-06-24T14:33:58","date_gmt":"2016-06-24T14:33:58","guid":{"rendered":"https:\/\/www.connectum.no\/?p=1323\/"},"modified":"2017-08-15T09:46:44","modified_gmt":"2017-08-15T09:46:44","slug":"brexit-now-what","status":"publish","type":"post","link":"https:\/\/www.connectum.no\/sv\/brexit-now-what\/","title":{"rendered":"Brexit – now what?"},"content":{"rendered":"

[vc_row css=”.vc_custom_1489784824024{margin-right: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_column css=”.vc_custom_1489784829055{padding-right: 0px !important;padding-left: 0px !important;}”][vc_column_text css=”.vc_custom_1502711906479{margin-bottom: 20px !important;}”]To some this is a good day, to others it is not.\u00a0 But we are where we are and we need to look forward to where we go from here.<\/p>\n

We should not, however, lose sight of the fact that what we have witnessed is a long-standing, robust and stable democracy at work with both sides attempting to sway voters with the power of argument, passion and belief.\u00a0 Although we have seen some dubious use of facts and figures, some scaremongering on both sides and some less than savoury comments at the fringes, this process has been free of violence, open to all and with everyone\u2019s vote holding the same sway; that we should be both proud of and reassured by.<\/p>\n

We are also seeing the markets at work, trying to make sense of what this all means and reflecting the aggregate view in market prices.\u00a0 We are likely to see market gyrations over the coming weeks and months, but we should all remember to view it as short-term noise.\u00a0\u00a0 There are many \u2018known unknowns<\/em>\u2019 as Donald Rumsfeld would say: we face an uncertain and likely tough negotiation to exit the EU, with unknown outcomes; an increased likelihood of another Scottish referendum and threat to the Union; and the knowledge that broad change is upon us.<\/p>\n

As individual\u2019s we need to try not to worry about things that we can\u2019t control, such as what will happen to the UK economy over the next five years, or where the markets go in the next few days, weeks and months.\u00a0 We should focus on things that we can control such as the structure of our investment portfolios.\u00a0 As we have explained before, your portfolio is well positioned to weather this storm, both in its structure and the high quality funds that we recommended to execute your portfolio strategy with.\u00a0 To reiterate:<\/p>\n

Your portfolio is global diversified in terms of its equity exposure<\/h3>\n

It is worth remembering that the UK economy represents less than 5% of global GDP, and its equity market is around 6% of global market capitalisation.\u00a0 The stock market is also not a direct proxy for the UK economy as many of its constituents have considerable overseas operations, such as HSBC and Shell.\u00a0 In fact, around 70% of earnings from FTSE 100 companies come from overseas.<\/p>\n

Your portfolio has well-diversified exposure to other developed equity markets and emerging markets economies and companies, which will help to mitigate any UK-specific market fall.\u00a0 Equity markets as a whole might be volatile, but that is the nature of equity investing, and being diversified will help.<\/p>\n

A fall in sterling is actually beneficial to portfolio performance for sterling based investors<\/h3>\n

Friday\u00a0morning saw a big fall in Sterling against the US dollar and the Euro.\u00a0 Ironically, this fall is beneficial to your portfolio if it is denominated in Sterling as the non-Sterling denominated overseas assets that you own are now worth more in Sterling terms.\u00a0 That is an example of good diversification in action.<\/p>\n

Owning short-dated, high quality global bonds delivers strong defensive qualities<\/h3>\n

The primary defensive assets in your portfolio are short-dated, high quality bonds, diversified on a global basis.\u00a0\u00a0 At times of market uncertainty, money tends to flood from more risky assets (equities and low quality bonds) into high quality bonds, driving yields down and prices up.\u00a0 We have already seen early signs of this happening in the major bond markets this morning.<\/p>\n

Have faith in your portfolios and resist the urge to look at its value too often. You don\u2019t need this money today or tomorrow, so try not to worry about any short-term falls; that is the nature of investing.\u00a0 This is a long-term strategy to meet your long-term goals.<\/p>\n

After last night\u2019s dramatic result our advice is as before \u2013 Keep Calm and Carry On. \u00a0Whilst markets have reacted savagely to the Leave vote, overreactions are not uncommon.\u00a0The best advice at the moment is to remain calm with one\u2019s investments and look for opportunities to rebalance portfolios as they arise. \u00a0As ever for any concerns you might have please call either Richard or Nils-Odd.<\/p>\n

Del inl\u00e4gget:[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

The UK woke up on Friday morning to a vote to leave the EU, the Prime Minister is set to leave office in October and the markets are suffering a bout of jitters.\u00a0We all knew that these were possibilities.<\/p>\n","protected":false},"author":1,"featured_media":1325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-1323","post","type-post","status-publish","format-standard","hentry","category-ekonomi-och-marknader"],"acf":[],"yoast_head":"\nBrexit - now what? - Connectum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectum.no\/brexit-now-what\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brexit - now what? - Connectum\" \/>\n<meta property=\"og:description\" content=\"The UK woke up on Friday morning to a vote to leave the EU, the Prime Minister is set to leave office in October and the markets are suffering a bout of jitters.\u00a0We all knew that these were possibilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/connectum.no\/brexit-now-what\/\" \/>\n<meta property=\"og:site_name\" content=\"Connectum\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-24T14:33:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-15T09:46:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1180\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"connectum_admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Skriven av\" \/>\n\t<meta name=\"twitter:data1\" content=\"connectum_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minuter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/\",\"url\":\"https:\/\/connectum.no\/brexit-now-what\/\",\"name\":\"Brexit - now what? - Connectum\",\"isPartOf\":{\"@id\":\"https:\/\/connectum.no\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg\",\"datePublished\":\"2016-06-24T14:33:58+00:00\",\"dateModified\":\"2017-08-15T09:46:44+00:00\",\"author\":{\"@id\":\"https:\/\/connectum.no\/#\/schema\/person\/d1f5575038651c9b0f4f1e4b9fe3f698\"},\"breadcrumb\":{\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/#breadcrumb\"},\"inLanguage\":\"sv-SE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/connectum.no\/brexit-now-what\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"sv-SE\",\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/#primaryimage\",\"url\":\"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg\",\"contentUrl\":\"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg\",\"width\":1180,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/connectum.no\/brexit-now-what\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/connectum.no\/sv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brexit – now what?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/connectum.no\/#website\",\"url\":\"https:\/\/connectum.no\/\",\"name\":\"Connectum\",\"description\":\"Family Wealth Management\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/connectum.no\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"sv-SE\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/connectum.no\/#\/schema\/person\/d1f5575038651c9b0f4f1e4b9fe3f698\",\"name\":\"connectum_admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"sv-SE\",\"@id\":\"https:\/\/connectum.no\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4ca4479e7fad31e57fab1b344acc109b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4ca4479e7fad31e57fab1b344acc109b?s=96&d=mm&r=g\",\"caption\":\"connectum_admin\"},\"url\":\"https:\/\/www.connectum.no\/sv\/author\/connectum_admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brexit - now what? - Connectum","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/connectum.no\/brexit-now-what\/","og_locale":"sv_SE","og_type":"article","og_title":"Brexit - now what? - Connectum","og_description":"The UK woke up on Friday morning to a vote to leave the EU, the Prime Minister is set to leave office in October and the markets are suffering a bout of jitters.\u00a0We all knew that these were possibilities.","og_url":"https:\/\/connectum.no\/brexit-now-what\/","og_site_name":"Connectum","article_published_time":"2016-06-24T14:33:58+00:00","article_modified_time":"2017-08-15T09:46:44+00:00","og_image":[{"width":1180,"height":600,"url":"https:\/\/connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg","type":"image\/jpeg"}],"author":"connectum_admin","twitter_card":"summary_large_image","twitter_misc":{"Skriven av":"connectum_admin","Ber\u00e4knad l\u00e4stid":"4 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/connectum.no\/brexit-now-what\/","url":"https:\/\/connectum.no\/brexit-now-what\/","name":"Brexit - now what? - Connectum","isPartOf":{"@id":"https:\/\/connectum.no\/#website"},"primaryImageOfPage":{"@id":"https:\/\/connectum.no\/brexit-now-what\/#primaryimage"},"image":{"@id":"https:\/\/connectum.no\/brexit-now-what\/#primaryimage"},"thumbnailUrl":"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg","datePublished":"2016-06-24T14:33:58+00:00","dateModified":"2017-08-15T09:46:44+00:00","author":{"@id":"https:\/\/connectum.no\/#\/schema\/person\/d1f5575038651c9b0f4f1e4b9fe3f698"},"breadcrumb":{"@id":"https:\/\/connectum.no\/brexit-now-what\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/connectum.no\/brexit-now-what\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/connectum.no\/brexit-now-what\/#primaryimage","url":"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg","contentUrl":"https:\/\/www.connectum.no\/wp-content\/uploads\/2016\/06\/Brexit-et-veiskille-ogsa-for-Europa.jpg","width":1180,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/connectum.no\/brexit-now-what\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/connectum.no\/sv\/"},{"@type":"ListItem","position":2,"name":"Brexit – now what?"}]},{"@type":"WebSite","@id":"https:\/\/connectum.no\/#website","url":"https:\/\/connectum.no\/","name":"Connectum","description":"Family Wealth Management","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/connectum.no\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"},{"@type":"Person","@id":"https:\/\/connectum.no\/#\/schema\/person\/d1f5575038651c9b0f4f1e4b9fe3f698","name":"connectum_admin","image":{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/connectum.no\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4ca4479e7fad31e57fab1b344acc109b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4ca4479e7fad31e57fab1b344acc109b?s=96&d=mm&r=g","caption":"connectum_admin"},"url":"https:\/\/www.connectum.no\/sv\/author\/connectum_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/posts\/1323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/comments?post=1323"}],"version-history":[{"count":2,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/posts\/1323\/revisions"}],"predecessor-version":[{"id":1381,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/posts\/1323\/revisions\/1381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/media\/1325"}],"wp:attachment":[{"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/media?parent=1323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/categories?post=1323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.connectum.no\/sv\/wp-json\/wp\/v2\/tags?post=1323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}