By Leon Howard Spinks, manager of the Jupiter European opportunities fund European markets ended...
By Leon Howard Spinks, manager of the Jupiter European opportunities fund European markets ended 2001 with the strongest quarterly performance since the height of the stock market bubble. As then, the rally was led by a narrow group of technology-related stocks. Its severity was all the more surprising given the backdrop of deteriorating underlying business conditions against which it occurred. That large stocks led the market up is understandable as investors, while increasing their risk profile, first looked for the comfort of liquidity and familiarity. What is more surprisi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes