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How can investors protect and profit from the shock waves that rippled through global markets following Britain's vote to leave the European Union?
Using Kensho, a quantitative tool used by hedge funds, we searched for the historically top-performing ETFs, S&P 500 members and British ADRs the day after recent news events (polls, speeches, election results, etc.) leaned toward a Brexit.
The move to exit will have serious ramifications for the United Kingdom's economy and its trade agreements with the rest of Europe, not to mention investor sentiment on the future sustainability of the European Union as an entity itself. These recent scares gave us a window into how investors will likely react in trading Friday.
The findings show gold miners and traditionally defensive sector ETFs were among the top performers after past news events that indicated a Brexit was more likely, according to Kensho.