M&G's Olsen: High quality European equities offer strong value on 10-year view

John William Olsen, manager of the M&G Global Growth and M&G Pan European funds, argues there are more opportunities to buy high quality companies at attractive prices than a year ago.

The story behind the European sell-off did not really change: China's economic weakness and battered commodity prices, plus renewed uncertainty over US interest rates, soured investor sentiment leading to periods of heightened risk aversion. Why there is no need to panic on Europe While we understand the reasons behind the sell-off and the accompanying increased volatility, it appears much of the selling has been driven by exchange-traded funds (ETFs) and algorithm-based trading - this can become self-fulfilling and give the impression of panic selling in the market. We see no reas...