UK investors warm to European stocks
British investors are warming up to European equities, with the highest level of positive or rather positive views of the troubled bloc’s stocks in a year, an online survey by Baring Asset Management shows:
The biggest rise in sentiment was seen towards European equities, with over half (53%) of respondents saying they were now either ‘quite’ or ‘very’ favourable, up from 42% in the last survey and the most favourable they have been towards the European equity sector for a year.
UK investors remain more positive on stocks from emerging markets, the United States and Asia ex-Japan, but with ratings down from the previous poll three months ago, and UK equities are also viewed more favourably. The poll answered by just over 100 respondents between Aug 22-Sept 19 shows the euro zone crisis is still considered the biggest global economic challenge.
Rod Aldridge, Head of UK Retail Distribution at Barings, says:
It seems that while the majority of advisers remain deeply concerned over the euro zone debt crisis, some are sensing opportunities in what is a critical time in the evolution of the euro zone and the political and monetary efforts to support the bloc.