The importance of explaining Brexit
Brexit makes a majority of LPs nervous about European credit markets, according to a PDI survey.
Investors may have had almost two-and-a-half years to process and prepare for the UK’s departure from the EU, but that doesn’t mean they aren’t still wary of the end result, data from a PDI poll show.
At our annual PDI New York Forum, investors chose the event they most expect to cause volatility in the European credit market, and 58 percent said that a hard Brexit was the most likely catalyst.