What to buy in the wake of Brexit

What do the referendum results mean for markets, for housebuilders, for currencies? John Stepek chairs our Roundtable discussion.

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The UK has voted to leave the European Union. In the process, both of our major political parties have collapsed into leadership battles, politicians across the EU are giving varying views on what will and won't be allowed, and investors across the globe are struggling to work out just how important Brexit might be, or if it will even happen. Our own view is that, given time, the UK is likely to end up with a Norway-style deal that leaves things mostly as they are, but with the UK less tightly tied to the EU. But what happens to markets in the meantime?

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Vanguard 100VUKE
TR PropertyTRY
Land SecuritiesLAND
British LandBLND
Man AHL Diver.N/A
Miton UK MicroMINI
SL Smaller CosSLS
Biotech GrowthBIOG
John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.