Among the developed markets, Europe is currently the most significant overweight in our global portf...
Among the developed markets, Europe is currently the most significant overweight in our global portfolio, so our view is that, at least in relative terms, that the region's bull case outweighs its negatives. We see currency as a positive for the region on anything but a very short-term view. Strong forex trends often end up leaving trade fundamentals trailing in their wake as they take on a life of their own. At some point, it is clear the euro will rally. Unfortunately, forecasting the timing of a major forex turning point is difficult. A lot of the euro's problems reflect the enth...
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