The peripheral economies of Europe are offering attractive valuations and significant upside pot...
The peripheral economies of Europe are offering attractive valuations and significant upside potential, according to Artemis European Growth manager Philip Wolstencroft. Wolstencroft has taken a 10% position in Hungary and the Czech Republic since his fund's launch two years ago. Wolstencroft says the debate over whether the European Central Bank should have cut interest rates by more than 25 basis points to help Germany out of locked-in low growth has little relevance to the direction of markets. He says: 'If countries like Germany and Italy want to regain their momentum it is no...
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