Euro stocks give value for money

Euroland stocks are cheap, margins are increasing and balance sheets are becoming healthier. Now all the region needs is some signs of broad economic recovery to make investor sentiment positive. According to Old Mutual Asset Managers (OMAM), continental European markets have attractive cashflow yields and low P/E ratios - around 25% lower than their US counterparts. Ken Cox, fund manager of the Templeton Euroland Fund, agrees that European equities are cheaply valued relative to other markets. His particular favourite sector at the moment is the material sector because companies have b...