Global Markets Brace for U.K.'s Brexit Vote

The transcript discusses the economic and market risks associated with Brexit, highlighting the downside risks and investor anxiety. It features insights from Ben Mandel of JP Morgan Asset Management on how Brexit is influencing global fixed income markets and the potential impact of a remain vote. The discussion also covers asset management strategies, emphasizing a preference for credit over equity and the US market's resilience in the face of global risks.

What has been the impact of the Brexit referendum on global stocks and bond yields?

• Global stocks have risen and bond yields have decreased.

• Global stocks have fallen and bond yields have decreased.

• Global stocks have remained stable and bond yields have increased.

• Global stocks have risen and bond yields have increased.

How is Brexit being factored into global fixed income markets?

• Brexit is being priced into global fixed income markets.

• Brexit is not considered in global fixed income markets.

• Brexit is leading to an increase in global stock prices.

• Brexit is causing a decrease in U.S. Treasury yields.

What investment strategy is being emphasized in response to Brexit?

• Increasing cash holdings.

• Diversifying into emerging markets.

• Focusing on high-quality credit over equity.

• Investing in high-risk equities.

Which market is expected to perform better if global risks materialize?

• Asian markets

• Emerging markets

• European markets

• U.S. markets

What is the expected outcome for U.S. investment grade returns this year?

• Equity-like returns with less risk.

• No returns expected.

• Lower than equity-like returns with more risk.

• Higher than equity-like returns with more risk.