Poor long-term outlook for European investors

The current stock market climate is difficult for any active fund manager with a longer-term horizon, according to Felix Lanters, head of European equities at ABN Amro Asset Management. 'The deflation of the technology, media and telecom bubble, coinciding with a global economic downturn, has blurred many investors' views on the structural outlook for Europe,' he says. Year to 31 August, the FTSE Eurotop 300 Index was down 16.57% in euro terms. James Anderson, manager of the Deutsche European Growth Trust says that although April was a positive month for European markets, gains were ...