Feature

Unwinding of deflation risks more worrying

There were several credit rating changes in February that were significant for emerging markets (EM).

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

'Inflation scare'

Political uncertainty an issue

Partner Insight: Cyber-crime is on the rise, with estimated annual losses for companies now topping $400bn (£291bn), according to the Centre for Strategic and International Studies.

Market's reputation is being rebuilt

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.

Investors must pay attention

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