Turnaround on the horizon for large-cap stocks

conference

Large-cap underperformance is coming to an end and shareholders could start reaping the benefits of ...

Large-cap underperformance is coming to an end and shareholders could start reaping the benefits of firms' newfound financial discipline, according to Lazard head of European equities Gabrielle Boyle. The firm's three-strong European equity investment team has had recent successes with firms such as Richemont, owner of the Cartier brand, and the financial reform of firms such as Hypo Real Estate but believe the market is set to reward its abilities to pick good large-cap stocks. Boyle said: "We are coming to a point where larger companies are trading at a much lower valuation with much h...