Euro equities favoured as region restructures

Europe continues to be the favoured market in managed portfolios on the back of its potential for re...

Europe continues to be the favoured market in managed portfolios on the back of its potential for restructuring. Morley Fund Management and Scottish Life both have overweight positions in European equities amid a favourable economic environment. The benign climate is shown by the 0.4% rise in retail sales in eurozone countries seen in February compared with January, representing a 2.7% rise compared with a year earlier. Andrew Milligan, director of economic research at Morley Fund Management, says: "There is some solid economic data coming through on unemployment and consumer spending ...