After a spectacular rally that lifted all boats, equity markets have corrected heavily over the past month.
In most cases, this was not enough to make valuations sufficiently attractive again, leaving investors with unexciting expected returns. Angela Merkel to step down as GermanChancellor in 2021 However, those who are willing to look beyond the broad regions can still uncover decent opportunities and we would consider Germany as one of them. Since early 2018, the country has underperformed global equities by over 18% as well as the European market by 10% and now trades below its fair value. Germany has been plagued by a number of factors: temporary issues such as car emissions scan...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes