Why Brexit impact on UK activity will be 'less dramatic' than expected

Creating opportunities

Nabeel Abdoula, multi-asset strategist and co-manager of the £1bn TM Fulcrum Diversified Absolute Return fund, has said extremely pessimistic sentiment towards the UK in the wake of the Brexit vote has created an investment opportunity.

The manager said openings have arisen following the General Election earlier this year, when Prime Minister Theresa May failed to win an outright majority, as this resulted in a policy shift towards a more "benign" Brexit outcome relative to pre-election policy. It is thought May's supporter in her minority government, the Democratic Unionist Party (DUP), wants a "softer" Brexit in order to minimise the impact on relations between Northern Ireland and the Republic of Ireland. Abdoula said: "It is our perception the degree of pessimism towards Brexit had reached extreme levels and we b...