![[Small Tile] [Carmignac Note]](/uploads/article/0001/07/43beb8cc2a6e44257dc28641586eb3278102b8a3.jpeg "[Small Tile] [Carmignac Note]")
Carmignac's Note
Long-term investors should be wary of populism
The British equity market has gained 20% since the referendum on 24th June resulted in favour of Brexit. The S&P 500 is up 9% since Donald Trump was elected President of the United States.
![[Main Media] [Carmignac Note]](/uploads/article/0001/03/fe142da9470dd3dd4c7642fdbe8631b3493b2ccf.jpeg "[Main Media] [Carmignac Note]")
