Europe set to end 2008 in better position

European markets have a better than even chance of ending the year 5%-10% higher than currently stan...

European markets have a better than even chance of ending the year 5%-10% higher than currently standings, according to Baring Asset Management's director of European equities James Buckley. Buckley, who is responsible for the group's European Growth Trust and Europa fund, believes markets will be pushed up partly because investor sentiment has been so negative in recent weeks, with an excess of long-only investors now sitting on cash. Speaking at Incisive Media's Senate Investment Conference in Venice, he remarked that the question is "not are European equities cheap, it is whether the...