European Union: Money Managers and Once-Safe Assets

european union: A turbulent US presidential election and Britain vote to leave the European Union have challenged that belief, according to Global Times China. Greater political volatility will lead to bigger swings in once-safe assets. Money managers used to assume that rich economies were more stable than poorer ones. Until recently the consensus was that while emerging markets tended to grow more quickly, developed countries were more predictable. So while ballots attracted a lot of attention, their results were relatively unimportant for financial markets. Solid institutions provided continuity. (news.financializer.com). As reported in the news.