Ten-year distribution partnership
Europe takes record-breaking €104bn share
Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.
Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.
After a spectacular rally that lifted all boats, equity markets have corrected heavily over the past month.
While macroeconomic concerns remain, the outlook for European equities is now more positive than a year ago.
Despite some emerging evidence that Europe's economic prospects may be stabilising, the direction of the region's equity markets remains determined by extraneous factors, notably the progress of ongoing US-China trade negotiations.
Latest IA figures reveal positive turn
Comment by Janet Mui
Political concerns remain
Improving portfolio diversification
Managers moving across
Downgraded French equities to neutral
An 'intriguing' subplot to Brexit