Press comment: If Brexit deal cuts the mustard, headwinds to global economy start to lift


If you are writing about the new proposed deal for the UK’s departure from the European Union, please find the below comment from Sacha Chorley, portfolio manager at Quilter Investors, looking at what it means for investors:

“It has been quite remarkable to witness the Prime Minister pivot from no-deal looking like the most likely, and desired, outcome, to striking an accord with the European Union. Both sides have had to make big concessions, but given the change in narrative from Boris Johnson, this deal could potentially make the following negotiations with the EU around the future relationship more favourable.

“However, for investors the uncertainty remains. Brexit is still a long way from being realised with hurdles remaining on the horizon. First attention turns to parliament and getting this new deal through what has been a divided and often indecisive House of Commons. With no support from the DUP, uncertainty around Tory rebels and Labour still steadfastly refusing to vote for a Conservative negotiated deal, the process remains fraught with risks – and this is before future relationship and trade deal negotiations even begin with the EU and other countries.

“Should this deal cut the mustard with parliament, however, it takes away another crucial investment risk. Coupled with improved conversations emerging between the US and China on trade, and a better than expected earnings season chucked in for good measure, investors could see a positive end to the year. Some of headwinds to the global economy may just be starting to lift.”

 

Notes to Editors:

About Quilter plc:

Quilter Investors is part of Quilter plc. It provides multi-asset investment solutions designed for advised clients in the UK and internationally and manages £20.0 billion on behalf of its investors (as at 30 June 2019).

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.4 billion in investments (as at 30 June 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

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This communication is issued by Quilter Investors Limited (“Quilter Investors”), Millennium Bridge House, 2 Lambeth Hill, London, United Kingdom, EC4V 4AJ. Quilter Investors is registered in England and Wales (number: 04227837) and is authorised and regulated by the Financial Conduct Authority (FRN: 208543).

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