2018 has seen another spring dominated by political manoeuvrings, in particular the return of 'The Italian Question'.
Monetary policy killed the market-based economy
Favourable on US and commodities
Global equities have delivered ample volatility, but very little return for investors so far this year.
We remain bullish on Europe - not because of the macro position, which so many use as the driving force, but because of the stockpicking process we carry out.