Five reasons why Neptune's Burnett is more bullish than ever on Europe

Neptune's Rob Burnett, the group's head of European equities, adopted a bullish stance in the second quarter of this year, switching out of long-favoured defensives.

Burnett (pictured), who heads up the £786m Neptune European Opportunities fund, moved towards more cyclical companies during the summer, following ECB president Mario Draghi's vow to "do whatever it takes to save the euro". The manager viewed the speech as an inflection point to add exposure to economically sensitive businesses, selling down exposure to heavyweight defensive names, such as Nestlé and L'Oreal. Here are Burnett's five reasons on why he is more bullish than ever on European equities. Euro collapse is not going to happen Burnett argued under Draghi's leadership the f...