Eurozone “dangerously close to stagnation” after Brexit

The UK’s decision to leave the EU has left economic sentiment among investors at the lowest level since July 2014, according to a poll that included the views of 260 people in institutional investment. Sentix, a German-based research group that carried out the poll, warned that the Eurozone was “dangerously close to stagnation” as Brexit is expected to hit both the economic bloc and the Swiss economy the hardest. A Sentix index of investor sentiment, which is based on the poll results, moved from 12 points in June, to -2 points in July after the referendum result. The firm said the UK referendum had hurt investor expectations for Eurozone. Political risks stemming from the Brexit were “a heavy burden” for the “already battered” Eurozone, said Sentix, adding: “The single-currency zone has yet to prove its resilience to cope quickly with such a blow to the European project. The probability of a euro-break up has increased, claims the firm, which polled 1,056 investors for its research, including the 260 institutional investors. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.