Blog: ‘We’re starting an investment trust to take advantage of Brexit’ –

The list will include drinks maker Fever-Tree, pub chain JD Wetherspoon and game developer Codemasters. The typical market value of its holdings will be around £2bn.

The timing may seem optimistic, given the country still has no clarity on how it will trade with its European neighbours come January. However, the pair said problems with the Brexit withdrawal agreement, as well as policy challenges around corona­virus, were just short-term setbacks.

Once resolved, British stocks would be buoyed similarly to during the “Boris bounce”, when the initial withdrawal deal was agreed and the Conservatives won last year’s general election, they said.

Mr Warren said: “We could have a Brexit trade deal in the coming weeks and this might add 10pc to stocks overnight and spark a longer-term bull market, while also driving up investment in Britain. If there is a deal you are going to want to own this fund as British stocks are currently undervalued and are primed to bounce back.”

Mr Marriage added: “You have to be invested when the outlook is less clear to benefit when markets turn.”

The trust will start to raise money on Sept 16 and will start to invest on Oct 7. It will cost 0.65pc a year.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s