Olly Russ, manager of the Argonaut European Enhanced Income fund, is buying into asset managers in Europe, favouring opportunities in financials which provide an alternative to the banking sector.
European fund managers have rotated out of blue-chip defensives in favour of more economically sensitive cyclical stocks as they call the end of the sovereign debt crisis.
A senior Federal Reserve economist has criticised the European Central Bank for resisting further monetary stimulus.
Fixed income assets have enjoyed a good run in recent years. However, with changing interest rates on the horizon, where might investors find the best opportunities in future?
The International Monetary Fund (IMF) has warned if the US Federal Reserve begins tapering monetary stimulus, the weakest eurozone countries could be pushed into a "debt-deflation spiral".