Who would have thought 12 months ago that Europe would have become the destination of choice for investors in 2017? What has changed?
Reacting to Sunday Times report
No progress on key issues
'Potential headwinds of a stronger euro'
Europe's economic recovery continues to broaden and deepen. The ongoing expansion is supported by a synchronised global growth backdrop with few medium-term concerns coming from the international trade impulse.
Managed by Rik den Hartog
Stocks chosen from the FTSE 350 and Stoxx 600
Fundamentals stronger than headlines suggest
At first glance, European smaller companies look expensive. They trade on a two-year forward earnings-per-share multiple of 15.8x, against their 15-year average of 13x.
European politics blog
Valuations have doubled over five years
Attractive economic backdrop
Improved political visibility
Growth outlook 'turning a corner'
Outflows of €743m in June
The most important factor for European equities for the foreseeable future will be the direction of bond yields.
UK faces €100bn divorce bill
Brexit is exception to 'relatively rosy scenario'
Pictet Asset Management's Tomás Pinto
Former Fidelity manager
German and Italian elections to come
If you backed eurozone equities in the first half of 2017, well done you.
Political risk diminished
Classes A and D remain unavailable