As investors flock back to Europe en masse, Rebecca Jones asks three managers if European companies have become a little too expensive.
Andy Tuck, head of funds, Walker Crips To a coin a phrase, the horse has already bolted. The contrarian play in European equities was probably summer 2012 - that was the time to pick up value in core-Europe. But, that's not to say that there isn't still value out there - you just have to be a bit more selective about where you look. There are certain arbitrage plays in various sectors if you're looking for value. In the motoring sector Daimler AG, which has recently undergone massive restructuring internally and is targeting Asia, currently stands on about a 10% discount in price to ea...
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