Investec lauds Euro eqs despite worst start for 25 years

While the markets are currently reflecting the potential impact of tighter liquidity conditions on the wider economy, Investec Asset Management European portfolio manager Nigel Hankin believes it is important to recognise the economy and the markets are not one and the same. “The market fall has been driven by tightening liquidity conditions, which may or may not presage an economic slowdown,” he says. “In Europe at least, the evidence points towards liquidity conditions having normalised. “The monetary authorities are anxious to provide additional liquidity and, if history is any gui...