DWS wary on UK investment outlook as Brexit looms

Asset manager DWS sees investors shying from the UK as the country continues to be embroiled in Brexit uncertainty, but expects international capital to enter the market quickly once the UK leaves the EU. “We are probably not recommending to go heavily into the UK at the moment,” said Matthias Naumann, DWS’s CIO and head of strategy for alternatives in Europe. “We don’t really have a better idea of where the journey of Brexit is really going.” However, Naumann added: “Having said that, we do have educated investors waiting who are willing to take selected assets in this space.” Naumann