Analysis

Having recorded further heavy losses in early 2009 to reach a low point in March, share prices have rebounded strongly in recent months.

Diverse sector at the forefront of downturn over past year, with just eight funds producing positive returns to investors

There is little doubt the tide is turning for one of the most unloved regions. Investor sentiment towards Europe in July, as measured by the Bank of America Merrill Lynch fund manager survey, was at its lowest level since 2003.

Japan's economy expanded 0.9% in the second quarter compared to the previous one, lifting hopes that it may be recovering after four quarters of contraction.

Manager highlights essential differences between US and UK and Europe as RMBS-based Monument Bond launches at UK retail space

On a local currency basis, the FTSE World Europe ex UK Total Return Index has outperformed the S&P 500 Total Return Index since the March 2009 lows, reflecting the fact that European markets tend to be more sensitive to global growth.

Emerging market currencies have rallied strongly after a rough opening to the year. Globalisation, the structural driver for the asset class, continues.

We believe there is a strong strategic case for choosing to invest in commodities. Over the next 15-20 years, we expect demand for the world's natural resources to grow at a rapid pace.

All 14 vehicles in European peer group hit double-digit returns over the past six months, bouncing back from a difficult 2008

The UK equity market has the potential for continued strong returns despite its recent strength.