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03.03.2015 16:50:03
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Tailwinds are building for a European equity recovery - News by European Equities Fund Manager James Sym
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James Sym, Fund Manager, European Equities It is clear that European equity valuations have recovered from their crisis levels. The 12-month forward price-to-earnings ratio of the MSCI Europe index is around 14.5 times, which is above its average since 2003. However, though they may not be cheap compared to their own history, European equities continue to look attractive versus other asset classes and other regional equity markets. For that reason, we do not see valuation as an impediment to performance in 2015. (...) Click here to read full article
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