We have witnessed huge volatility in markets since the Brexit vote but not all markets have moved in the same direction at the same time. Jones says investors should “think carefully about diversification” in their portfolios and emphasises the importance of not have all your eggs in one basket.

From a bond market perspective, Hull expects the Bank of England to cut the base rate from its record low of 0.5%. Given this backdrop, he says people will get very little out of their deposits and will switch money into investment grade funds, which hold debt issued by household names and can give a diversified income stream in a low interest environment.