Why Southern Europe offers better value than ‘squeezed' UK

Andrew Neville, manager of the Allianz Global Small Cap Equity fund, has said the best value stocks across global markets can now be found in Southern Europe, following rallies across most of the globe.

His favourite countries in the region are Italy and Spain, which he said offer much greater upside potential than other European countries, in particular the UK where valuations are becoming “squeezed”....