Given ongoing geopolitical uncertainty and the potential for monetary tightening in Europe, it is now prudent to tread carefully, warns Darius McDermott as he highlights five European equity funds that could fit the bill
All eyes are back on Europe. After months of political deadlock in Germany, Angela Merkel has finally secured a fourth term with a new coalition deal while, in Italy, the recent election has resulted in a hung parliament after the populist League and Five Star Movement parties made big gains. But what does the continuing rise of populism and the potential for a grand coalition in Italy mean for investors? According to Fidelity International portfolio manager Claudio Ferrarese, the exact market reaction would depend on how diluted the Five Star Movement would be in such a coalition. "...
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