Europe holds world-class businesses at attractive valuations

One of the frustrations about Europe is the negative macro-economic sentiment that often surrounds a...

One of the frustrations about Europe is the negative macro-economic sentiment that often surrounds any discussion. While we would not disagree with the view the European region may continue to disappoint in terms of economic growth, what many fail to recognise is the opportunities available at the stock-specific level. Within Europe, we are identifying a series of world-class, global leading businesses at exceptionally attractive valuations; many of these companies have global peers that allow us to make direct valuation comparisons. What is more, these companies are able to control their...