Jupiter's Darwall: Do not dismiss Europe

Investors have frequently dismissed Europe over the last 10 years due to the region's political and structural issues, but European companies can still benefit from globalisation, says Alexander Darwall at Jupiter.

The firm's head of European equities and manager of the £1.6bn Jupiter European unit trust says last year's bailouts of Greece and Ireland fuelled uncertainties about the euro project. However, he believes the march to globalisation - led by technological development - has had a greater impact on investment returns than local issues. He says: "In my view, emerging markets and China will continue their ascendency; European companies can be beneficiaries. "Emerging economies, which account for around one-third of the world economy, are currently responsible for two-thirds of its growth....