Are asset allocators set for a stampede into Europe?

Multi-managers and wealth managers have begun to dip their toes back into the beleaguered continent and are reducing underweight positions on fears they could miss out on a stampede back into the asset class.  In early September, ECB president Mario Draghi outlined plans to buy unlimited amounts of eurozone nations’ short-dated debt through outright monetary transactions (OMTs). Markets had already begun to price in a positive announcement, following the president’s pledge to do “whatever it takes” to save the single currency in July, and fund managers have done their best to capture ...