Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
European Uncertainty Has Lowered the Price Tag for Quality Stocks
By Advisor Perspectives
The fourth quarter of 2018 was tough on investors in European equities, and uncertainty appears to be rising as we enter 2019. But, the Invesco International and Global Growth team believes that environments like these can result in great prices for attractive businesses. In fact, we haven’t seen valuations in Europe this low since 2013. So, what is our outlook for Europe, and where are we finding opportunity?
Uncertainty is the theme for Europe
The MSCI Europe Index declined 13% in the fourth quarter, and European investor sentiment deteriorated — investor survey data from Bank of America Merrill Lynch show the lowest levels of sentiment in Europe that we’ve seen in six years, and near the lowest we’ve seen since 1999.1
Read more at Advisor Perspectives.