Europe: the game-changer
Europe has continued to be at the forefront of attention during the first quarter of 2015. Join William Hobbs, Head of Equity Strategy, and Rupert Howard, Senior Portfolio Manager, as they discuss the key developments over the quarter and what we can expect looking ahead.
While our portfolios have been positively positioned towards equities for some time, recently, attention has shifted from the US towards Europe. As a result, Rupert has been increasing exposure to Europe as he believes that the positive signs emerging are sustainable and that attractive performance lies ahead.
Concerns over a strong US dollar having a negative impact on emerging market equities has supported our conviction in developed markets equities and Europe in particular, driven by earnings momentum. Given the increasing likelihood of a US rate rise in the second half of the year, Rupert has been cautiously positioned in fixed income through short duration* exposure.
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