Investment Banking

Want proof markets were unprepared for Brexit? Look at mid-caps

If you want to gauge how unprepared investors were for Britain’s vote to leave the European Union, take a look at the beating taken by UK mid-cap stocks.

Bear market: The FTSE 250 has fallen far more than the blue-chip index since the UK vote
Bear market: The FTSE 250 has fallen far more than the blue-chip index since the UK vote Photo: iStock

If you want to gauge how unprepared investors were for Britain’s vote to leave the European Union, take a look at the beating taken by UK mid-cap stocks.

While the FTSE 250 edged higher on June 28, this index has fallen about 12%, compared with roughly 2% for the FTSE 100, since Britons voted to leave the EU on June 23.

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