Across the Continent, corporate activity is pronounced. Export orders and indicators of business con...
Across the Continent, corporate activity is pronounced. Export orders and indicators of business confidence confirm an economic recovery. Relative to the UK, we prefer the rising tide of restructuring in Europe and yet are underweight. Why It is a purely relative call. We are bullish on Japan, and want to move more money into emerging markets early next year. We had to find the cash from somewhere. So we have cut our European exposure, booking profits, to leave our weighting 18% in a global portfolio against 22% for the MSCI. But the region's attractions remain clear First, in the macro-e...
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