Where are the best opportunities outside of the eurozone?

EUROPE

Charlotte Richards asks managers where the best opportunities lie in countries which have emerged as safe havens from the eurozone crisis.

Problems in the eurozone have dominated headlines for the past few years. And rightly so. Findings from credit information specialist CMA, covering the second quarter of the year to 29 June, show that of the top ten most risky sovereign credits, five are eurozone markets. CMA creates its list by estimating the cumulative probability of default (CPD) for each country over five years. The report shows new entry Greece as the most risky sovereign, with the highest probability of default at 96.7%, pushing Cyprus into second place at 71.7%. Portugal, Ireland and Spain also enter the top ten ...