Glimmers of hope for European stocks as sentiment improves

Glimmers of hope have recently begun to emerge for European equities.

After over 20% of assets left the sector since March 2018, flows - particularly in ETFs - have tentatively begun to return to the region. Looser monetary policy, a bottoming of certain end markets and hope for fiscal stimulus have been some of the factors driving more positive sentiment.  While investment recommendation upgrades for the region are encouraging, we are often cautious of buying into short-term newsflow. What have been managers' best and worst trades of the year? We focus on uncovering companies with earnings power that is not embedded within the current share price...