As BREXIT looks to become BEGRET for many in the UK today, with only 36% of the British public voting "Leave", at this stage we must assume that through all the political uncertainty ahead Britain will, in fact, leave the EU. Today we'll review the 4 main asset classes that Australian investors hold today focusing on their outlook during the likely volatility this will create in coming months. Stocks, Bonds/Hybrids, Property & Cash. As means of an overarching view, we think the financial fallout from Friday's vote will be manageable. The UK economy is the 5th largest in world – it’s about 3.9% of the global economy (USA 25%, China 15%; Japan 6%, Germany 5%). The EU is 22%.