Brexit bumps provide opportunity [Advisor.ca (Canada)]
Pzena Investment Management Inc Class A (PZN)
Last pzena investment management inc class a earnings: 7/17 04:15 pm
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Source: Advisor.ca
The countdown is on: in less than one year, Britain will begin its transition period out of the European Union, and the March 29, 2019 departure still comes with a lot of uncertainty. Listen to the full podcast on AdvisorToGo , powered by CIBC . While the U.K. and EU have provisionally reached agreement on some Brexit issues and the terms for the 21-month transition, the future relations between the two sides are mostly unknown, and U.K. political groups are still campaigning against the move. Britain’s Financial Conduct Authority (FCA) has called for the country to coordinate with the EU now to ensure Brexit is as smooth as possible, Reuters reported April 9. The FCA expects to spend “about 30 million pounds” to deal with the exit’s impact on the financial sector. John Goetz of Pzena Investment Management in New York is watching the events closely. He predicts Brexit will likely result in volatility for the U.K. that might benefit fund managers. One
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