Event Risk Defined: "Leave" Wins Brexit Vote
Markets shuddered on Friday morning as the results of the Brexit referendum showed that Great Britain had voted to leave the European Union, opening a period of volatility for the world economy. UK Prime Minister David Cameron, who had set up the vote on EU membership and then campaigned vigorously for the UK to remain in, resigned on Friday, closing out his tenure on a sour note. Cameron will depart by October after the Conservative Party leadership conference, having literally changed the trajectory of the UK forever.
Investing after Brexit: Investment Views After the UK Referendum
Investment Talks | June 24, 2016
After the unexpected "Leave" outcome of the U.K. referendum, we see conditions for a risk-off environment in the near-term. Markets are opening this morning significantly lower. However we believe that Central Banks are ready to act and their immediate focus will be to stabilize the markets and provide liquidity if needed.
Our overall view is that the asset management industry, and the UK and Europe more holistically, will emerge from this decision without permanent major harm
having been done, although in the short and intermediate-term there will
inevitably be volatility and uncertainty in the aftermath of the vote.
US Fixed Income in a Wave of Unconventional Global Monetary Policy
In this video, Ken Taubes, Pioneer's Chief Investment Officer US, shares his thoughts on the direction of the US fixed income markets amidst a wave of unconventional global monetary policy.