Low valuations and the expectation of a second half recovery are leading investors to bet on Europea...
Low valuations and the expectation of a second half recovery are leading investors to bet on European industrials, according to Raj Shant, director of European Equities at Credit Suisse Asset Management. The V-shaped recovery that many are expecting at the beginning in July may not happen. Shant says: "We are taking a defensive position and are banking on the fact that after the third quarter there should be good visibility of corporate and economic earnings." Fiona Stoakes, investment manager at Britannic Asset Management, says: "Basic industrials and resources have been the best pe...
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