European Central Bank

European equity markets remain attractive to us. The combination of a solid macroeconomic backdrop outside the region and a strong recovery domestically has helped propel earnings higher.

Underweight European equities

10-year Treasury yields widened to 2.73%

Financial markets are heavily distorted by the unprecedented market presence of central banks. Markets have become extremely sensitive to changes in central bank actions.

Investors can 'sleep easily'

Sentiment towards European equities has been on the rise this year.

From Japanese equities to corporate bonds

For the first time in a number of years, pan-European large company corporate earnings for 2017 look set to post a double digit year-on-year advance.

'Indications of irrational exuberance'

Little margin for error