Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency risk as well, it is worth noting the iShares MSCI United Kingdom ETF (iShares Trust (NYSE: EWU)) is lower by 6.5 percent over the past month.
Brexit, The Pound And U.K. Equities
Prior to the official Brexit outcome, the notion of Great Britain's departure from the European Union was widely seen as pound negative, a thesis that has been proven. Brexit was also seen as potentially challenging for various U.K. equity sectors.
“More than one-in-three companies report that uncertainty over the outcome of the EU referendum is having a detrimental effect on their business. One-in-twelve firms report ...
/www.benzinga.com/news/16/07/8255524/post-brexit-banks-could-be-problems-for-u-k-etfs alt=Post-Brexit, Banks Could Be Problems For U.K. ETFs>Full story available on Benzinga.com
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