Deep Dive: M&A, Sotheby's and S&P Financials Index

The video discusses the impact of Brexit on UK mergers and acquisitions, highlighting the increased attractiveness of UK pharmaceutical and tech companies due to the weakened pound. It also examines Sotheby's performance, noting its correlation with emerging markets and its appeal to wealthy Asian buyers. Finally, the video covers the upcoming changes in the S&P 500 industry groups, with financials splitting into financials and real estate, and the implications of this change.

What was the impact of the Brexit vote on UK pharmaceutical and tech companies?

• It had no impact on their attractiveness.

• It increased their attractiveness due to a weaker pound.

• It increased their attractiveness due to a stronger pound.

• It decreased their attractiveness to foreign buyers.

How did the Brexit vote affect the premium paid for deals in July?

• The premium was 53% higher than average.

• The premium was 15% higher than average.

• The premium was 10% higher than average.

• The premium was 20% higher than average.

What is the relationship between Sotheby's performance and emerging markets?

• Sotheby's performance is unrelated to emerging markets.

• Sotheby's performance is negatively impacted by emerging markets.

• Sotheby's performance is inversely related to emerging markets.

• Sotheby's performance moves in lockstep with emerging markets.

What significant change is happening to the S&P 500 industry groups?

• The technology sector is being split into two groups.

• The financials sector is being split into financials and real estate.

• The healthcare sector is being merged with the financials sector.

• The energy sector is being split into renewable and non-renewable.

What has largely driven the outperformance of financials relative to other energy groups?

• Gains in the technology index.

• Gains in the healthcare index.

• Gains in the real estate index.

• Gains in the consumer goods index.