Never mind Brexit. The consensus in the City seems to be that the threat of Jeremy Corbyn taking up residence in Number 10 is playing far more heavily on investors’ minds.

But of course, every potential calamity spells opportunity in one form or another. Here, a small selection of managers spell out where such opportunity might lie.

Chris Rodgers, head of UK equities, Sanlam UK

“There are some areas in which we invest where the market will shun them in valuation terms because there’s an economic cyclical risk but there’s an opportunity with regards to Government spending - housebuildin...