Currency Post-Brexit | Mackenzie Investments

Currency Post-Brexit

Currency Post-Brexit

On June 29, 2016, Alain Bergeron, Lead of the Mackenzie Asset Allocation Team, appeared on Bloomberg TV to discuss Brexit and how investors may incorporate currencies into their portfolios.

Key Points

  • Currency can have a big impact on the portfolio, as we saw in 2008, 2015 and in the aftermath of Brexit.
  • Canadian investors who are exposed to USD can use that as a shock absorber in their portfolios.
  • It is optimal to be underweight or hedged the British pound as it has depreciated by a fair amount versus the CAD. 

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To the extent the Fund uses any currency hedges, share performance is referenced to the applicable foreign country terms and such hedges will provide the Fund with returns approximating the returns an investor in a foreign country would earn in their local currency.

This document includes forward-looking information that is based on forecasts of future events as of June 29, 2016. Mackenzie Financial Corporation will not necessarily update the information to reflect changes after that date. Forward-looking statements are not guarantees of future performance and risks and uncertainties often cause actual results to differ materially from forward-looking information or expectations. Some of these risks are changes to or volatility in the economy, politics, securities markets, interest rates, currency exchange rates, business competition, capital markets, technology, laws, or when catastrophic events occur. Do not place undue reliance on forward-looking information. In addition, any statement about companies is not an endorsement or recommendation to buy or sell any security.