Riding the European market rally

IMA Europe excluding UK sector up 32.1% over past 12 months as recent government stimulus and low interest rates finally take effect

Along with most other geographic sectors European equities have risen since their March lows, supported by recovering earnings momentum, continued government stimulus and low interest rates. The FTSEurofirst 300 index of top European shares, which slumped 45% last year, is up 23% in 2009 and has surged 60% to 20 November since hitting a record low in early March. This rally has carried with it the IMA Europe excluding UK sector and according to Morningstar, over one-year to 16 November the sector is up 32.1%. Alister Hibbert’s BlackRock European Dynamic fund is ranked second over t...