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...
Revealed – successes across all 11 categories
Latest news and analysis
Letter from academics
'Digital transformation' of sector
Up from 14% in 2017