With European companies reporting significant earnings growth in 2010, Henderson's Richard Pease says these opportunities can no longer be ignored.
Joseph Stiglitz, former respected chief economist of the World Bank and Nobel Prize winner, warns the future of the euro is "looking bleak".
Henderson Global Financials manager Emily Adderson has reintroduced a short position on European banks and boosted cash on expectations of near-term pressure for the sector.
Belgium's bond yields relative to the continent's benchmark Germany are rising at the fastest rate in the eurozone as the country struggles to fight its huge debt burden.