Saacke bearish on Europe

Peter Saacke, European fund manager at Artemis, is bearish about equity market prospects in the region. 'If I had the choice of putting my own money into either the Dax, Cac 40 or FTSE 100, I wouldn't think twice about putting it into the FTSE,' said Saacke, who co-manages the Artemis European fund with Philip Wolstencroft. Although he did not expect good performance from the broader European market, he expects money can be made from European equities by exploiting economic divergence. 'Contrary to all the talk of European integration, harmonisation and stimulation of the business ...