UK investors warm to European stocks

October 2, 2012

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.

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