We have had a number of clients contact us this week asking how the upcoming referendum will affect their investments in the short term. Reports yesterday stated that the Scottish referendum outcome is “too close to call” as both sides enter the final days of the vote campaign.
Therefore we felt it was appropriate to do a Blog to give our views on this!
There is certainly reason to be wary as Reuters reported last night that the FTSE 100 had dropped for the 3rd day in a row due to the uncertainly of the vote. However markets certainly haven’t shuddered. There has been a slight drop but nothing too significant – in fact as off 11.30am this morning the markets were actually up 0.2%* for the day.
We certainly expect volatility in the short term but as Tom Stevenson, investment director for Fidelity Personal Investing says
“The outcome of the referendum was ‘so uncertain that investors will struggle to position themselves effectively ahead of the vote”
It is something we will of course be keeping an eye on for our clients but we see no reason for anyone to sell their investments & move to cash at the moment.
For any clients wanting to know more then please read Citywire’s article from yesterday – How independent Scotland could impact your portfolio
If you would like to discuss your portfolio please contact us now on 0191 281 9862 or e-mail email@example.com to arrange an appointment!
Please Note – Any clients wanting to switch their funds to cash will accrue transactional charges to change their funds
Disclaimer: This email is not intended as advice and no investment decisions should be made solely on the back of this email. Past performance is no guide to the future. All investments carry the risk that you will not get back what you have put in.
* The FTSE 100 actually ended the day slightly up at 0.02%