By Paul Katzeff, Investors Business Daily
They’re leaving! No, wait…. They’re staying!
How Pro Investors Are Playing The Brexit Vote — Either Way
After weeks of U.K. public opinion swinging back and forth, going into Thursday’s vote tea-leaf readers saw people in the United Kingdom tilting toward a no vote, appearing to favor remaining in the European Union.
The outcome is expected after the U.S. market close. In any case, whichever way the vote goes, how should U.S. investors play the situation?
Mutual fund managers and investment strategists with whom Investor’s Business Daily spoke advised investors to stick with their long-term investment plans. Still, some say they had hedged their exposure to the pound and euro.
Several said that within their overall strategy they are tilting toward U.S. stocks, especially those that draw little if any of their revenues from abroad. Some are tilting toward emerging markets.