We Maintain Our Underweight on U.K. Assets, Says Brooks MacDonald’s Deputy CIO

The transcript discusses the impact of Brexit on the UK market, highlighting the uncertainty surrounding Boris Johnson's strategy and the potential for a general election. It emphasizes the importance of asset allocation, focusing on large multinationals with currency hedges. The discussion also covers the volatility of the currency market and the strategy of holding cash, particularly in US Treasurys, to mitigate risks. The overall tone reflects caution due to Brexit fears, Federal Reserve mismatches, and concerns over the European economy.

What concerns are raised about currency volatility in the context of Brexit?

What is the current cash level in the balanced fund mentioned, and what does it reflect?