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Investing in UK LSE CEF's post Brexit

Supercell · 2019-07-17 09:49:59

I was thinking of investing in some Investment Trusts or CEFs in Degiro such as JEO (ISN:GB0000197722) as an alternative to ETFs, looking at the Degiro Brexit Affected Products list (https://www.degiro.co.uk/data/pdf/uk/Brexit_ESMA_DEGIRO_Affected_Products_EU.pdf ) and this isn't listed. Does anyone here have any insight…

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17-07-2019 10:49am

#1

Supercell

Registered Users Posts: 15,326 ✭✭✭✭

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I was thinking of investing in some Investment Trusts or CEFs in Degiro such as JEO (ISN:GB0000197722) as an alternative to ETFs, looking at the Degiro Brexit Affected Products list (https://www.degiro.co.uk/data/pdf/uk/Brexit_ESMA_DEGIRO_Affected_Products_EU.pdf ) and this isn't listed.

Does anyone here have any insight into post Brexit impact on CEF's traded on the LSE ? from a Irish/Degiro perspective?

https://www.loughlinstown.ie
Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/

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#2 19-07-2019 7:26am
Supercell

Registered Users Posts: 15,326 ✭✭✭✭

Join Date: May 2001

Posts: 14140

I asked Degiro about this and they replied that they wont know anything for sure until Brexit occurs.
My suspicion is that they will be allowed as long as they are not listed on other exchanges, however sterling depreciation is likely to be steep should we actually have a hard Brexit - I'm staying in US stocks for now until the end of October/UK direction becomes more clear. LTI is gong to be my CEF of preference followed by ATT.

https://www.loughlinstown.ie
Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/

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