Since the end of 2007, European equities have underperformed US equities by 63% on a real total return basis (in local currency terms).
Over the same period, European real local currency earnings per share declined by only 52% relative to their US counterparts - this divergence really started to occur in 2011 as the eurozone crisis broke...
Long-term growth area
Round-up of diversity coverage
Top five holdings make up 45%
Central banks in tight position in case of downturn
Going against the grain