Allianz's Gergel: How Brexit could affect income stocks

The government will soon be triggering Article 50 of the Lisbon Treaty and setting the UK on a course to leave the European Union.

Brexit raises a considerable number of questions about the UK's ongoing trading relationship in goods and services with the EU. The uncertainty could affect consumer confidence and corporate investment intentions in the UK and could impact economic growth and corporate profits.   Therefore, Brexit could have a negative effect on share prices, particularly on companies that are dependent upon domestic economic activity. Furthermore, many of the traditional income stalwarts of the UK, such as the tobacco, food producer or beverages companies, are highly valued compared to their history....