Jupiter's Darwall on the major threats to investors in Europe

Chinese protectionist measures and the developed world's debt levels are major headwinds for European investors, says Alexander Darwall, manager of the £1.7bn Jupiter European fund.

China's protectionist measures to encourage players in its domestic market could damage European companies with a presence in the region, the manager warns. "Some investors are worried about the hesitation in growth rates in emerging markets such as China and it is true some companies are having a tough time competing with Chinese domestic competitors," he says. However, Darwall is not overly concerned about this because he can still identify European companies with a competitive edge over domestic participants. "We have exposure in China not for its own sake but because we have id...