Europe is under pressure

According to the latest analysis of European fund portfolio, carried out by Forsyth Partners, managers of European portfolios are still finding plenty of opportunities. But they are wary of the prospects for certain sectors, in particular telecoms and technology stocks. In terms of investment outlook, managers see clear evidence of an economic slowdown and many believe that volume growth has peaked for this cycle. Much of this slowdown has been discounted in current valuations however. The consensus view is that the Euro will remain under pressure as excess capital generated by restructuri...