Not that panicky

24 June 2016 (Friday) was frightening for global investors. That was when news broke that United Kingdom voted to leave the European Union (Brexit).

I am invested in two European-related unit trusts. The immediate impact of Brexit was to see my investments declining 10.5% and 8.9% of the two funds respectively.

Unit Trust Change (%)
BlackRock European Equity Income -10.5%
JP Morgan Europe Dynamic Fund A(ACC) -8.9%

Surprisingly, Singapore equities held up quite well. My investments in Singapore equities declined only 1.3% since Friday.

I was lucky in that I did not invest in Sterling Pound and in Japanese equities; both were badly affected by Brexit. My exposure in the European investments was fairly small in comparison with my entire portfolio.

Now that some sense had come back to the financial markets, it was a relief that the fear of much bigger downside risks was abated.

I am not certain how this will end. It is certainly not 2008 moment (Global Financial Crisis). I am still keeping significant amount in cash and its equivalent.

Copyright © 2016, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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