Francois Savary, CIO of Reyl & Cie, says despite the European equity comeback in 2013, he is not convinced by the recovery.
Since June 2013, European equities have been pushing higher, with returns of more than 16% as the economy emerges from six quarters of recession. Judging by fund flows, Europe is back in fashion after many years of retreat from investors, particularly US investors. Admittedly, recent figures have suggested a slowdown in European growth, in France and Germany in particular. But despite this, the idea the region has reached a turning point both economically and financially is quite widespread in a global environment where market participants have clearly found some new ground to invest in ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
