State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's third largest asset manager, with nearly $2.8 trillion in assets under management as of 31 December 2017.
The company services financial clients by creating and managing investment strategies for non-profit foundations, businesses, corporations, associations, governments, educational institutions, and religious organizations. In addition to institutional services, SSGA produces investment vehicles for the retail market in the United States, Europe, Asia, and Australia.
The State Street Brexometer is a quarterly pulse survey designed to gauge investor sentiment on the economic impact of Brexit. The results cover the expected impact to operating models, levels of investment into the UK economy, prospects for global economic growth and appetite for investment risk. This is what they found.
This quarter’s survey suggests that investors are becoming more concerned about holding UK assets, at a time when they are getting increasingly optimistic about the global economy. More than 54 percent of Brexometer respondents were positive on medium-term (three to five year) global growth prospects, while 23 percent suggested they would reduce their holdings of UK assets in the coming six months.
That's the reality people. These aren't pundits forecasting the future. These are real life advisers that advise their clients what to do with their money. Anyone thinks they are wrong is insane, because, right or wrong - what do you think will happen?
Will the clients ignore their recommendations, opting instead to believe the likes of Mogg and Boris?
The problem, as one investment paper called it, is that any future trade partners will want to know the full details of a Brexit deal before they commit to signing. Liam Fox's dreams of countries signing up during the transition period for immediate implementation on exiting the EU. are exactly that, dreams that can never be realized.
The Brexiters are people that have proven that they don't care what happens to Britain! They don't care if the Scots decide to leave! They don't care if the Irish problems come back! They don't care if nobody wants to make any serious investment into Britain. Already the EU is getting the lion's share of this years F.D.I, including France, traditionally on the US hit list. For the last two years the UK has trailed the EU in growth, and a gig economy employment forecast is about as useful as a snowplough at the beach.
Worst case scenario, they just pack their bags and follow their off-shore money and count it until things are better. Best case from their point of view is that they buy up 'bargain basement' Britain and wait out the depression. Its no skin off their noses, but it is your children that will suffer. It is your NHS that will further starve for funds, It is your Britain that trains will continue deteriorate and lack fund for repairs.
Some of you may be mad at the EU. I get it, but it wasn't their fault the UK went ahead and slashed its own wrists. It isn't their fault that they are a hell of a lot better at this negotiating lark than the goon squad the UK fielded. You scared them enough to want to make changes - and they will, I would stake my life on it. But meanwhile what are you going to do? Sit on a deckchair and wait for the Titanic to go down, or find yourself a lifeboat? Demand a chance to vote on the final deal. Don't leave it in the hands of the Moggs and Boris'. Shout out ...
Enough is enough - we're taking back control