What does Brexit mean for Australian investors?

Australian shares (down 3%) and the dollar were affected by the Brexit fallout, but the long-term implications for Australian shares are relatively small. Trade with Asia is much more important for Australian firms. For long-term investors, these fevered short-term occasions represent a chance to buy good businesses at lower prices. The shares of US banks, Australian retailers, and Chinese recruiting websites have fallen even though Brexit has little direct impact on their businesses. If anything, Brexit has reinforced the value of companies that have strong balance sheets, good management and the ability to grow their revenue in tough times. In the end, we can look for some guiding words from a Great Briton - Charles Darwin: 'it is not the strongest that survives, not the most intelligent, but the one that is most adaptable to change.’ This applies to regions, markets, companies and investors - those most adaptable will be rewarded. Read Perpetual's thoughts on Brexit from Matt Sherwood: (VIEW LINK)