Fund managers, buyers and other industry commentators are cautious of further volatility as well as macro uncertainty for European equities in 2019, amid continued political wrangling across the eurozone and further questions about the path for the European Central Bank.
European equities faced a tumultuous 2018, with volatility driven by political uncertainty such as Brexit negotiations as well as the Italian election and political conflict with regard to its national debt. Are European assets a buy? The Euro Stoxx 50 fell roughly 11.1% to 5565.8 from the beginning of the year to 31 December, while the Euro Stoxx 600 has fallen around 9.2% to 151.6 over the same period. This is reflected in the performance of the IA Europe Excluding UK sector, which fell 11.8% from the start of 2018 to 31 December. Co-manager of the LF Miton European Opportunitie...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
