Edison Events

June 28, 2016

Post-EU referendum webinar with Edison strategist Alastair George

Post-EU referendum webinar with Edison strategist Alastair George

The UK has voted to leave the EU. Financial markets which had been anticipating a remain vote reacted with sharp declines in share prices, Sterling selling off and bond yields falling. Alastair George, Edison’s strategist will address the specific implications of the outcome of the vote on UK equities, government bonds and sterling. He will also consider whether it represents the EU’s Lehman moment. The second half of the presentation Alastair will provide a mid-year update on the global investment outlook, including equity valuations, monetary policy and recent trends in corporate profits.

Eu Referendum - Leavers on the line



A month after the UK's vote to quit the EU, markets are moving on. Despite the UK's new Prime Minister committing to implement Brexit, global markets remain calm, even if sterling is still well below pre-referendum levels. Within the EU, aggressive Brexit rhetoric has given way to the realisation that a mutually beneficial relationship will need to be found between the UK, EU and its member states. Early indications suggest a slowdown in the UK in some regards, but earnings estimates have only fallen modestly so far – and only in the most exposed sectors. In this webinar, Alastair George will review the early evidence for a UK slowdown and discuss the impact of the likely policy responses. He will also highlight that investors must keep the bigger picture in mind – if anything, there has been a modest rebound in global economic data during the last three months and another flip-flop in Fed policy cannot be ruled out. He will also review equity valuations and reflect on the difficulties investors face, with recent movements in global bonds and equities implying very different outcomes for the economic outlook.

Alastair George

Analyst: Investment Strategist

Alastair started his career at Goldman Sachs where he worked in equity research as an investment strategist. He has over a decade of buy-side experience, primarily as a senior event-driven portfolio manager at Lehman Brothers. In his role at Edison he is focused on delivering disciplined, value-based and actionable investment strategies.

About Edison's Team

Edison is Europe's leading independent investment research and engagement company. We work with companies to improve and broaden investor understanding of their business on a global basis. Our offering is based on the depth research and domain expertise of our research teams combined with the global reach of our unique global distribution platform. Our TMT team of 10 analysts, with an average of well over 10 years equity research experience cover well over 80 companies listed across North America, Europe, Asia and Australia. Our range of services includes research, investor targeting, non-deal roadshows, conferences, executive interviews, perception audits and commercial due diligence.

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