3 Things About the European Economy You Didn't Expect (or: why European markets have gone up and may keep going up) Well, that wasn't meant to happen

Chad Slater

Ellerston Capital

3 Things About the European Economy You Didn't Expect (or: why European markets have gone up and may keep going up) Well, that wasn't meant to happen. Just when US (and global) based investors had considered it safe to not have to bother to researching European equities, this year has seen them forced to dust off their old stock research. Many have been caught by surprise, assuming it to be a deflationary basket case and others have assumed it was ECB based liquidity from Quantitative Easing (QE) and thus safe to ignore. However, the economic data presents a more upbeat case, as outlined by the 3 data points we have chosen in the blog. So whilst in the short term markets there have run hard, even to the point of being ahead of themselves, Morphic would suggest not being too sceptical and believing it will all reverse this. Instead, until we see otherwise, this is a buy the dips and hedge the currency market, with currently 28% of our Funds invested in Europe. For more details, please see here (VIEW LINK)


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Co Head Global Equities (ex-Asia)
Ellerston Capital

Chad co-founded Morphic Asset Management in 2012. As a stock picker Chad is also a generalist but has strong regional knowledge of Europe and the Americas. He has also been awarded the CFA Charter.

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