In light of UK voting in favour of leaving the EU, a leading fund manager says investors should not panic.

Investors should realise that it will still take some time for the changes to take place, says George Lucas, managing director Instreet.

“In fact, the UK would probably remain a member of the EU for several more years. In the meantime, UK politicians could drag out the process or try to find a solution that replicates EU membership in all but name.

“This also means there would be time to clear up some of the uncertainties about the wider impact of Brexit, notably the arrangements which would govern UK trade with the remainder of the EU and the rest of the world.

“We see little effect on these trade partnerships. Europe is Britain’s biggest trade partner but, as a percentage of trade, this has reduced dramatically since the global financial crisis as Europe has stagnated whilst China, the US and emerging markets have grown.

“And finally, as expected the markets have reacted negatively, driven by fears about the British economy. This may also cause further delay with a US Fed hike and induce additional monetary easing elsewhere including from the European Central Bank and Bank of Japan,” said Mr Lucas.

About Instreet

Instreet is an independent investment house that works closely with the financial adviser community to conceive and distribute retail investment products. After identifying adviser needs and market trends, Instreet builds customised investments sourcing quality wholesale providers. By doing so, Instreet makes institutional assets available to individual investors. The end result is a range of investment solutions designed to better achieve the goals of clients and advisers.

For more information: www.instreet.com.au

Contact Details:

George Lucas at Instreet: 0418 202 228

E: glucas@instreet.com.au

Simrita Virk at Shed Media: 0434 531 172

E: svirk@shedmedia.com.au

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