The election of Emmanuel Macron as French president has diminished political risks in Europe, and the likely reelection of Angela Merkel in Germany should provide a basis for the implementation of deeper reforms, especially in the Eurozone.
Europe is becoming a more attractive place to do business. That’s why investors must have European stocks in their portfolios. But tracking down the right stocks isn’t easy in such an extensive and far-flung region. Mike Clements has a consistent track-record of doing so.
Macro trends have been stable this year in terms of rising growth expectations, declining political uncertainty and EM outperforming developed markets (DM). More recently, inflation expectations and the so-called “Trump trades” have consistently deflated. Will it last?