Brexit 'could send Europe shares down 25 per cent'

A study to test the effects of a British departure form the European Union has found that European equities could lose about a quarter of their value in the immediate aftermath of a Brexit.

Risk-modeling firm Axioma found that shares would take the hardest hit among asset classes when it simulatedthe effects of a “Leave” vote on a hypothetical portfolio composed of 54 per cent bonds, 41 per cent shares and the rest ...