Perspectives Blog

Quality milestone in the European recovery story

March 17, 2014

…conservative in its forecasts, said that it has enjoyed an “amazing” start to the year in Europe. In addition, Adecco, the staffing company, has reported that revenues in the fourth quarter of 2013 rose by 9% in Italy, 10% in Germany, 12% in Benelux and 7% in the UK. Interestingly France was flat, which shows that the strength of the recovery will be unequally distributed. However, from a low base, there is potential for European growth to catch-…

An improving outlook for European equities

Philip Dicken, Head of European Equities, Threadneedle International Ltd | October 18, 2013

…loser look. According to Eurostat, the 17 eurozone member states showed seasonally-adjusted growth of 0.3% quarter on quarter in Q2 2013, confirming that the bloc has exited recession. Significantly, Europe’s largest economy Germany saw growth of 0.7%, but France also performed well, registering a surprisingly strong figure of 0.5%. In Portugal, the economy grew for the first time in two and a half years – by as much as 1.1%. Meanwhile, Spain an…

European equities – Should investors care about periphery vs. core anymore?

Dan Ison, Portfolio Manager | January 13, 2014

…-like resurgence in interest for European equities with an interesting mix of winners and losers. The best performing markets (all returning more than 33% for the year) were Greece, Finland and Ireland. Of the larger markets, Germany, The Netherlands and Spain were the best performers while France, UK and Italy were the worst. Four years since the start of the Euro Crisis (Greece late 2009), can we finally stop worrying about the periphery versus…

Global Asset Allocation Outlook (as of February 24, 2014)

Columbia Management Global Asset Allocation Team, | March 10, 2014

…rom a modest underweight to neutral, but maintained an underweight to small caps given their elevated valuations in relation to large caps. European countries presented a slightly different picture with core economies such as Germany and France deteriorating, while those on the periphery of the continent improving. Overall, the eurozone declined somewhat on our scorecard as earnings growth weakened. Ever since the speech by European Central Bank…