ECB

With the results of a referendum on UK membership of the European Union too close to call, we ask investment professionals for their views on the impact of a potential 'No' vote.

Europe is benefitting from a valuation discount to the US in terms of P/E and dividend yield, as well as an improving outlook overall.

Delegates at Investment Week's European Breakfast Briefing last month heard from a number of fund managers discussing the region's prospects.

In the second of a two-part series, fund managers reveal how global central bank decisions are impacting investors and their strategies.

Follows confused market messages

Rhys Davies, fixed interest deputy fund manager at Invesco Perpetual and manager of the City Merchants High Yield investment trust, explores what the recent rise in yields in the high yield market means for investors.

In an effort to further weaken the euro, boost economic activity, and create inflationary pressures, the European Central Bank's foot on the easy money gas pedal will be maintained, writes BMO Asset Management's Sam Cosh.

Must buy unique stocks

Central banks need to take action

Follows Draghi's QE re-examination