Brexit creates chasm between FTSE’s winners and losers | KPMG | UK

Brexit creates divide within FTSE-100

Brexit creates divide within FTSE-100

The index of leading UK stocks might have ‘only’ fallen 5.6% in the first two sessions after the referendum result, but the polarisation between gainers and fallers was the greatest in living memory. Bob Cowell, co-founder of investor relations consultancy KPMG Makinson Cowell, explains the divergence, and what it means for funds.

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Brexit creates chasm between FTSE’s winners and losers

Highlights: 

  • Sterling weakness and prospect of slower UK economy drive sentiment 
  • Dramatic polarisation between domestic and international names 
  • Greater weighting of overseas-focused firms softens FTSE 100 index decline

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