RFEU - Why Under-Owned Europe May Be Worth A Look
Elga suggests a few investment options that may benefit from a pick-up in European growth and any decline in geopolitical concerns.
We continue to prefer a "barbell" approach to risk-taking in the late-cycle stage: quality stocks, income-generating bonds and emerging markets. And there are several investments in Europe worth highlighting.
Europe offers attractive asset valuations compared to history, especially in risk assets. Regional assets have cheapened further compared to a year ago as concerns about growth and politics increased. The exception to this are core government bonds, which we believe to be expensive compared to