Brexit “not a big deal” for Asia

Britain’s vote to leave the European Union is not a big deal for most of Asia and could well lead to investors shifting money eastwards after the initial panic, argues Josh Crabb, head of Asian equities at UK fund house Old Mutual Global Investors (OMGI). From a big-picture, global asset allocation perspective, Europe has become more difficult to navigate now, but Asia looks better, on a relative basis, he told AsianInvestor. Asian equities – particularly emerging-market stocks – …