Fund managers expect Europe - a forgotten player in investment terms - to emerge a "stronger player" from the Greek debt debacle.
Problems stemming from the Greek crisis have only added to the negative image surrounding the region for many investors. However, industry experts think Europe could be a stronger and more unified currency zone after the Greek situation is resolved.
"The general opinion seems to be the euro will survive and strengthen as a result of the problems," sums up Brian Tora of the Tora Partnership as chairman at a Cofunds roundtable.
OBSR's Peter Toogood raised the possibility of a truly federal Europe with a "genuine currency union" emerging from the Greek crisis as a result of possible fiscal transfers to cash-strapped countries.
Managing director of European equities at JP Morgan Stephen Macklow-Smith says the wider effect of the crisis in Southern Europe could be a greater divergence in returns.
Panelists also said Europe should no longer be neglected by investors seduced by headline growth figures coming from Asia and the emerging economies.
Although the region hardly features on the radar screens of UK investors, panellists said it offers rich pickings they ignore at their peril.
Argonaut European Income fund manager Olly Russ thinks Europe offers good income opportunities because it is "tremendously diversified" in terms of sectors, stocks, currencies and stages of economic development.
"You can access sectors and companies in Europe you cannot get in the UK," he says.
He says investors should focus on large caps, where yields outperform those offered by corporate bonds.
Meanwhile, Stuart Fowler, director of No Monkey Business, says the fact Europe may be ignored in investment terms could stand in its favour.
"It is all about price," he says. "Often the best price opportunities are created by neglect. More neglect brings greater valuation opportunity."
Looking towards the emerging economies, the experts also suggested the booming global power houses may not live up to their hype.
Stephen Macklow Smith, JP Morgan managing director European equities, pointed to the fact GDP and asset returns are negatively correlated and low GDP reduces the likelihood of inflationary pressures.
"Making investment decisions on the basis of what is growing fastest leads down a blind alley," he says.
Although Europe offers good opportunities, the panellists agreed it is one of the least popular sectors for UK investors largely because it suffers a PR problem.
"Europe is the forgotten story and needs to be talked about more," concluded Brian Tora of the Tora Partnership.
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