European equities: Have investors missed the boat?

European equities have had a good run of late. Over two years the benchmark EuroStoxx 50 index has outperformed the S&P 500 by 11%. The IMA European Smaller Companies is the second best performing sector over one year with returns of 29.76%, and the IMA Europe ex UK is fifth with 21.93%, according to data from FE. Only UK focused sectors have done better. Back from the bottom Things have come a long way from September 2011 and the bottom of the European stock market when the EuroStoxx 50 dipped below the 2000 level for the first time since the financial crisis, as investors began to...