Why a binary view on Europe is dangerous for investors

Polarised views over the eurozone are dangerous for investors and increase their risk of getting burned by the markets, said Aberdeen's Aidan Kearney.

Kearney, who runs Aberdeen’s multi-asset offering with co-head Graham Duce, said uncertainty across the eurozone has made any kind of bold move a very risky one, and investors drastically changing their strategy should be more cautious. “Between now and 17 June [the Greek elections], it is impossible to have any sort of clarity so you almost have to remove yourself from it,” he said. Investors are divided into two camps at present – one set of investors sees moving defensive as their best option, while the other group is waiting for the next round of policy actions as a trigger to add r...