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> From: "McDonnell, Catherine" <cmcdonnell@brownadvisory.com>
> Date: June 24, 2016 at 10:47:51 AM EDT
> To: "'halliebiden@gmail.com'" <halliebiden@gmail.com>
> Cc: "Moffet, Sandra" <smoffet@brownadvisory.com>, "Posko, Lisa" <lposko@brownadvisory.com>
> Subject: Brown Advisory Update: Brexit
>
>
> Hallie,
> As you have likely seen from the headlines, the UK has voted overnight to leave the EU and the markets are down considerably on this news, though they have bounced back some. We have been monitoring the situation closely and will continue to do so. This vote is the first step in a very extended process that could take months or even years to unwind, and the likelihood of other EU countries following suit also persists. While it is almost impossible to predict the outcome of the market with precision, here are a few thoughts to share with you….
>
> · We remain confident in our view that volatility is expected and healthy for the markets over time.
> · Given your asset allocation mix, your portfolio is positioned to weather this volatility in the near-term.
> · We are watching for the opportunity to initiate positions on price dislocations from indiscriminate selling.
>
> As always, I’m happy to provide you with an update on our most current thinking and discuss any concerns you have in greater detail. I know we have a call scheduled for a few weeks out, but please let me know if connecting in the meantime would be helpful. And hope your summer is off to a good start!
>
> Catherine
>
>
>
> Catherine P. McDonnell
> Portfolio Manager
> cmcdonnell@brownadvisory.com
> T: +1-443-873-5256
> www.brownadvisory.com
>
>
>
> BrownADVISORY
> Thoughtful Investing.
>
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