Morningstar's Guide to the Brexit Vote

On June 23, citizens of the United Kingdom voted to leave the European Union. Markets convulsed across the world, with the Nikkei losing nearly 8%, the FTSE shedding 3.2%, and the Dow Jones Industrial Average losing 2.8% as of midday Friday June 24.

As the events unfold, Morningstar analysts are offering continuing coverage on the markets, economy, sectors, portfolio strategy, and potential emerging opportunities. Check back to this page to see our latest commentary.

Portfolio Resist Fight-Or-Flight Response in Wake of Brexit Vote Focus on your risk capacity, portfolio allocations, and tax position--not the noise, says Morningstar's Christine Benz.

How Should Investors React to Brexit Result? Investors need to keep cool calm heads amid political and financial uncertainty following the Brexit vote, says Dan Kemp of Morningstar Investment Management.

Bogle on Brexit and Other Threats to Global Markets We have more borrowing, more leverage, more government debt relative to GDP than we have ever had with no attempt to get it down, says Vanguard founder Jack Bogle.

Every Financial Crisis Is Different And the best investment response is the same.

Economy Johnson: What Brexit Could Mean for the U.S. Economy Brexit uncertainty could linger as a headwind on world trade but the U.S. is relatively more safely positioned, says Morningstar's director of economic analysis. Doll: Brexit Uncertainties Shouldn't Cause Financial Crisis We don't yet know how much economic weakness will spread from the U.K., but low interest rates should prevent a global financial system crisis, says Nuveen chief equity strategist Bob Doll. Brexit Shockwaves May Linger Questions over the U.K.'s separation terms, possible economic fallout, and the future of the EU itself could upset the markets in fits and starts for months to come, says Morningstar markets research analyst Tim Strauts.

Stock Brexit Fears Make Invesco More Attractive We think the market overestimates the effect on this asset manager, writes Morningstar analyst Gregg Warren.

Brexit's Headwinds Not Enough to Sink Banks While the consequences are broadly negative for the sector, today's stronger financial system means we don't foresee a crisis.

5 Wide-Moat Stocks Now Selling at a Discount When markets sell off indiscriminately, we look for the highest-quality bargains.

The Impact of Brexit on the Stocks We Cover There's much to consider, but it's not all bad news.

The First Stop for Bargain-Hunters: Wide Moat Names An indiscriminate sell-off could put some quality companies on sale, but investors must be patient, given the near-term uncertainty surrounding the Brexit vote, says Morningstar's Alex Morozov.

Weekly Wrap: Uncertainty on the Way for U.K. Banks Plus, our take on Tesla's move to vertically integrate, and Facebook's investment to defend its moat.

We Plan to Lower Our Fair Value Estimates for Several U.K. Banks The Brexit vote will have wide-reaching implications for our European financials coverage universe.

Knock-On Effects Bigger Than Brexit for Capital-Markets Firms Rates, FX, asset prices, and market volatility arising from the Brexit vote are likely to hit earnings more than direct operational disruption.

What Brexit Means for Asset Managers Some will be impacted more than others, but we expect all of them to be caught in the undertow of declining global markets in the near term.

Brexit Fears Unfairly Hit European Communication Stocks In our view, Brexit will have no effect on cross-border transfers of voice or data.

Priceline's Exposure to U.K. Is Manageable We plan to lower our fair value estimate modestly but are maintaining our narrow moat rating and recommend investors take advantage of pullbacks.

Funds Brexit Accelerated, But Didn't Start, Flight to Quality The search for safe assets after the U.K. vote is an extension of a theme seen throughout 2016, says Morningstar's Russ Kinnel.

A 'Check the Runner' Moment for Global Macro Funds Did Brexit catch these go-anywhere alternative funds leaning the wrong way?

How Funds Are Faring After the Brexit Vote FundInvestor editor Russ Kinnel looks at winners and losers amid Friday's Brexit turmoil.

Second Quarter in U.S.-Stock Funds: The Winners and Losers The Brexit made waves.