Neptune's Burnett: Eurozone crisis is over

The eurozone crisis is now over and investors must start adding cyclical risk back into their portfolios, according to Neptune's head of European equities Rob Burnett.

Burnett (pictured), manager of the £754m European Opportunities fund, said the financials crisis is “completely over” for Ireland from the point of view of the bond market, which is now willing to lend to the country again. In addition to the recovery of the former "Celtic Tiger", which was one of the first eurozone nations to descend into economic crisis, other PIIG countries are also now well into their recovery phase, he said. The eurozone periphery will begin posting a current account surplus very soon, added the manager, who believes ECB President Mario Draghi will not need to in...