After the Brexit vote: investors should stay calm
After Britain's Brexit vote, investors need patience and discipline. Markets may be rattled and savers nervous in the short term, but there's no reason for hasty selling.
24.6.16
After Britain's Brexit vote, investors need patience and discipline. Markets may be rattled and savers nervous in the short term, but there's no reason for hasty selling.
A possible exit of the United Kingdom from the EU is not expected to cause a noticeable slowdown in the global economy or the associated worsening of prospects for global stock markets. That is the assessment reached by the Berlin-based quirin bank AG, which specialises in fee-based advice.
On Thursday, 2 June 2016, quirin bank AG once again hosted an investor conference at THE SQUAIRE by Frankfurt Airport, bringing together selected listed companies from across Germany for international institutional investors.
Lawmakers want to help fee-based advice achieve a breakthrough in Germany. These efforts must not be allowed to slacken, even though some banks are now "voluntarily" forgoing commissions. This is the demand of the German Association of Fee-Based Advisors (BVDH).
In May, Extra Magazin, which focuses on ETF coverage, took a close look at the market for online asset management and asked: "Who is the best robo-advisor in the country?" - quirion received the top grade of "very good."
Active equity-fund management rarely delivers what it promises: an excess return over its respective benchmark. A high to very high percentage of actively managed equity funds, by contrast, regularly underperform their benchmark.
