Could European equities double in the next three years?

clock • 2 min read

GAM's European equities manager Niall Gallagher has predicted European equities could double in the near term as the region is supported by a number of tailwinds.

The manager (pictured) said he expects European shares to rise as much as 100% in the next three to four years as companies begin to recover lost earnings. Speaking at the group's investment conference earlier this month, Gallagher said: "I can to see an inflection in the earnings of European companies, and many imbalances have now been corrected. "The fall in the oil price will lead to a significant impact on demand, and the drop in the euro will also boost exports. European equities could go 50%-100% higher over the next three to four years." Gallagher also pointed to the improvi...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot