european equities

Data from TrackInsight

Could result in significant amount of disruption for markets

Fund has underperformed over past three years

Co-manager on European long-only mandates

Headwind from euro strength should abate

Euro a headwind

Since the end of 2007, European equities have underperformed US equities by 63% on a real total return basis (in local currency terms).

Hung parliament most likely result

Issues in the campaign included relationship with the EU

Asymmetric risk for UK