Top of its game

The European market has outperformed all other major stock markets for the past 25 months, and was the key focus of discussion at this year's International Investment Swiss Forums held in Geneva and Zurich. Index returns from 28 February 2003 to the 31 August 2005 show the MSCI Europe up 66.5% against a gain of 32.6% for the S&P 500. A wide range of investment managers, among them Argonaut Capital Partners, Martin Currie, MFS International and Credit Suisse Asset Management, are all fans of the region. New Star reckons no bubble is forming in the region, and the ZAIS Group examines h...