Despite being among the best performing sectors of the past year, many asset allocators have been underweight Europe or had no exposure at all until very recently.
And it is easy to see why. The eurozone debt crisis has rumbled on, with many southern European nations nearing default or appealing to the ECB and IMF for bailouts. However, there was a turning point...
More guidance in August Inflation Report
Long-term growth potential is key
Positive return prospects for asset class
Valuation do not provide margin for error on downside
Too early to take a stance