Exporters to perform well
Brexit 'immensely damaging'
SharingAlpha has revealed the top-rated funds by its fund selector users as at the end of April, with Terry Smith's £14.7bn Fundsmith Equity fund still the most popular in fund-of-funds portfolios.
Combined inflows of €17.8bn
Tom O’Hara and Tom Lemaigre join from Exane BNP Paribas and RWC Partners respectively
'Handful' of job losses
Expectations of a 'soft Brexit'
For some time, the equity market has benefitted from what has been termed a 'Goldilocks' environment.
Political concerns remain
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
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.
Country goes to polls on 4 March
PIMCO's Sundstrom: It is the first time in my career where FX has had such a deep impact on asset selection
Underweight European equities
Managed by Glasse and Garsten