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In the aftermath of Britain’s vote to leave the European Union, assets across the board took a pounding. Stocks plummeted, the pound crashed to its lowest level in more than 30 years, and an impending sense of doom gripped the globe.The worst of the market reaction now seems to be over. Markets have begun to stage a rebound, but the political risks are unlikely to go away for a while — especially given the chaos in the Labour and Conservative parties right now.
It is an incredibly uncertain time for investors, and to help get through that uncertainty, the Chief Investment Office at UBS has compiled a list of the assets that should be avoided like the plague in the immediate aftermath of Brexit.
The list spans from currencies, to stocks, all the way from government debt, and takes in assets across the entire the world from Japan to Poland.
Check out the assets UBS thinks should be avoided — for the time being at least — below.