Brexit to have minimal impact to ASX

The lead up to the Brexit Deadline has surrounded by doom and gloom in the press and the markets is set to have minimal impact on Australian profit and dividends paid to shareholders. Hugh Dive from Atlas Funds Management says "Whilst fear and uncertainty have dominated the animal spirits of the market, it is hard to make the case that Brexit is another GFC for Australian equities and indeed that a recession in the United Kingdom will have a dramatic impact on the profits of Australian listed companies." Dive breaks down the paltry 2.8% of the ASX Top 200's profit that comes from UK markets and describes the possible, limited impacts that Bexit will have on Australian companies