By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 20 2016
- Uncertainty around the outcome of Britain’s referendum on whether to Remain in or Leave the European Union
has reached fever pitch.
- While a victory for the Leave campaign will likely see more volatility, the global economic consequences have likely been exaggerated.
- A Leave victory is unlikely to have a major direct impact on Australia but could have an indirect bearing via financial market volatility.
- The key for investors is to look for opportunities that such volatility throws up.