After financial success at Royal Ascot last week, should we be gambling again in the upcoming EU Referendum week? Our approach to dealing with such uncertain events is to ‘keep calm and carry on’. Following one’s fears and emotions by cashing in investments has in past situations not resulted in better outcomes for investors.
Research has shown that market-timing rarely works on a consistent basis. It will get increasingly uncomfortable in the run up to the referendum and the key will be to hold one’s nerve. Since we find none of the current market nor poll development surprising, we are not changing our view. The best portfolio strategy is to remain invested in line with the risk profiles, which means neither betting on a Remain, or a Leave outcome, but rather sensitively navigating client’s portfolios through whatever may lie ahead.