Perez avoids herd mentality

conference

stock picking and avoiding most often touted themes is key in europe, says M&G's cesar perez

Investors need to work harder and cannot simply play glib and oft-repeated investment themes to beat the market, Cesar Perez, head of European equities at M&G Investments, told delegates at a recent Investment Week conference. In the European market, the three most commonly touted investment themes are the recovery of capital expenditure, the ageing population and the vast amount of corporate restructuring. However, investing in companies on the basis of these trends is not an automatic recipe for success and it is dangerous to follow the herd, he said. Perez noted stock picking in Eur...