GAM's Gallagher: Brexit is not a significant risk for Europe

Asymmetric risk for UK

Tom Eckett
clock • 2 min read

Niall Gallagher, investment director and manager of the €1.2bn GAM Star Continental European Equity fund, has said the UK leaving the European Union (EU) will have little impact on the eurozone's €18trn economy.

Speaking to Investment Week, Gallagher said Brexit posed an asymmetric risk for the UK, but investors and businesses were unconcerned about the fallout in Europe. The manager gave the example of the German car industry, which has been touted as one of the industries where Brexit will have the greatest impact across all sectors in Europe, as one area where he believes the effects would hardly be felt "Brexit is not a significant risk for Europe and it does not get mentioned in Germany, for example," he said. "The German car industry's biggest markets are China, the US and Germany, w...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot