Investment Conundrums: SSGA's Heinel on how 'easy money has been made' across developed markets

Fears Europe could disappoint investors in medium term

The "easy money has been made" across most developed market equities, according to State Street Global Advisors' deputy global chief investment officer Lori Heinel, who warned that pan-European stocks in particular could disappoint investors over the medium term.

That said, Heinel - who is also cautious on most areas of fixed income - still describes the firm's approach to asset allocation as "risk on", instead favouring equity markets that have been overlooked...