Europe: the value story
William Hobbs, Head of UK and Europe Investment Strategy, talks to Alastair Randall, Senior Portfolio Manager, about events over the second quarter and what we can expect looking ahead.
Despite Greece continuing to dominate the headlines, Alastair has remained invested in European equities and continues to look for the value story relative to equity markets globally. Whilst volatility has been unnerving for some investors, Alastair has not made any recent changes to portfolio positioning and believes that any further downside could present a potential buying opportunity.
Looking ahead, it is clear that the Greece situation has not fully played out and investors should anticipate further uncertainty. As the year progresses, Alastair expects markets to switch their focus back to the US and fundamental economic issues.
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