Brexit has had a dramatic impact on the returns from the UK stock market with many companies that derive the majority of their earnings from the domestic economy struggling to make any headway, whereas those whose business is mainly abroad have surged ahead. In order to measure and monitor this effect the index provider, Bats, which is part of the CBOE group, has created two new indices: the Bats Brexit High 50 and the Bats Brexit Low 50. You can see the data on their website. The High 50 consists of the 50 companies in the Bats UK 100 Index that derive the largest portions of their revenues from the UK. These include stocks such as Admiral Group, Associated British Foods, Aviva and BAE Systems that on average earn 72% of their money from this country. |
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