Despite the ongoing sell off of shares, SG Asset Management still sees opportunities in European ...
Despite the ongoing sell off of shares, SG Asset Management still sees opportunities in European markets and insists equities look cheap against bonds. Dino Fuschillo, director of European Equities at SG, explains: "An indication of the value embedded in European equities is clear by the earnings yield ratio, which, at 0.9, is at the lowest level for 20 years, with the one exception of the level it reached last October after the last sell off in European equities." He added: "This shows that equities look particularly cheap against bonds and should be bolstered by the easy monetary ...
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