With Britain having voted narrowly in favour of leaving the European Union (EU), on the 24th June, global investment markets experienced some initial and aggressive price volatility.

Magellan Financial Group have produced a 15 minute video outlining their thoughts on the Brexit vote and one of the more interesting aspects is their view that there is still a 25% probability that the UK does not exit the EU.

Portfolio Manager and CEO at Magellan, Hamish Douglass, is recognised as one of the best macroeconomic thinkers in Australia. Hamish does not believe the Brexit referendum result is a financial event leading towards a repeat of the Global Financial Crisis.

We believe this update is worth taking the time to listen to. Please click here to watch the video.