Deep Dive: 2022 may be the year for European equities to shine

Expect the unexpected

Terry Ewing, head of equities at Mediolanum International Funds, dives into European equities.

So far in 2022 European equity market returns have navigated the first month relatively unscathed, in sharp contrast to the US market and especially the tech-heavy NASDAQ index. Given Europe's greater-than-normal valuation discount versus the US, we think this year and especially the first half of 2022 may be the time for European equities to shine. The motto for equity markets in recent years should have been to expect the unexpected! Who would have thought that during a pandemic over a two-year period the US equity market would rise close to 50%? Over the same period to the end of last...