Perspectives Blog

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

Dan Ison, Portfolio Manager | January 13, 2014

…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 the core?  Year-to-date perf…

It’s a mobile world

Dave Egan, Senior Equity Analyst | March 10, 2014

While the growth of smartphones on the high-end is decelerating, the low-end in China and the emerging markets continue to see strong growth. The outlook for communications infrastructure seems to have improved. The ‘Internet of Things’ may be more evolutionary than revolutionary for most companies. Mobile World Congress (MWC) is the industry’s annual trade show, which was held this year during the last week of February in Barcelona, Spain. As…

When the QE tide recedes, focus on what is revealed

Robert McConnaughey, Director of Global Research | January 6, 2014

…ompetitive front and the pace of reforms, it is far from a universally positive outlook. While we are seeing signs of improvement on the margin, there is divergence between the fortunes of the most proactive reformers such as Spain and the UK and the foot-draggers such as France. However, unlike the U.S., aggregate profit margins are well below prior peaks and valuations remain fairly forgiving, leaving room for upside against that backdrop of lo…

An improving outlook for European equities

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

…t 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 and Portugal reported a drop in unemployment for the first time in two years. Business confidence is also recovering. In Germany, the IFO business climate index climbed to 107.7 in September, the highest reading so far…