Investors should be wary of structuring portfolios with the Brexit vote in mind

As far as markets go, the outcome of the EU referendum has the potential to be far more seismic than polls before them, and one that could see stocks rallying or reeling.

There will certainly be money to be made in equities whether share prices climb or fall, but investors should be wary of seeking to structure portfolios specifically with the vote in mind. To some extent, bond and equity markets do a decent job of discounting these issues, as the pronounced weakness of sterling, particularly against the dollar, has shown in recent months. As the referendum date looms nearer, the heightened public debate may be accompanied by greater market volatility. But it is difficult, and possibly unwise, to back one view or another too strongly in portfolio const...