'Brexit the biggest risk - and biggest potential upside' - PA panel

Columbia Threadneedle Investments' head of multi-asset EMEA reckoned the biggest risk for sterling-based holders of financial assets was Britain's eventual departure from the European Union. "From our estimates, Brexit has a 2,000 basis-point swing around it in terms of your returns that come over a six-month period - depending how it develops from here," Nangle said. "In terms of the biggest upside," he added, "from an asset market side for a sterling-based investor, it would be a really, really awful Brexit - although that's not necessarily an outcome I'd be really gunning for. It w...