The United Kingdom — and specifically its economy — has been subject to quite a bit of speculation since the Brexit vote last summer. Most of the scrutiny has painted the future of the country’s economy in a doomsday-like scenario. Do we agree? No. In my opinion, the global economy has enough momentum to support some of the uncertainty coming out of the United Kingdom. If investors want to avoid some of the political processes in the region, we think it might be prudent for them to consider move assets away from Europe over the next few months.
The remainder of 2017 will be very interesting to watch. In my outlook this quarter, I speak to the European Central Bank’s next steps.
The opinions expressed are those of John Lovito and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice.