Kiddie backs European equities as dollar falls

Five arrow's chief investment officer says buy european equities now because euroland economies are recovering and US dollar is sliding

David Kibble, chief executive investment officer at Five Arrows, believes the weakening US dollar to be a boon for European equities. Kiddie regards further falls in the US currency as part of a strong case for investing in European equities. The falls in Europe's stock markets since March 2000 have reduced a £100 investment to just £60 but now look overdone, especially as Europe's economies are recovering and, compared to bonds, shares are historically good value, he said. 'Equities outperform when profits grow,' Kiddie told delegates at Investment Week's market forum recently. 'And p...