Identifying 'Europe's few global champions'

Despite investor expectations to the contrary, 2019 proved to be a remarkable year for equity investors, with MSCI World's 28% annual return being the second highest in 30 years.

With over 90% of this performance coming from valuation expansion, as global corporate earnings largely stagnated, investors are rightly questioning valuations. Jupiter's De Blonay: Europe's untapped payments potential This is a well-trodden, generic narrative 11 years into a bull market, but ignores the huge performance dispersions we are currently seeing within markets, and sectors. For investors willing to look beneath the surface, it is precisely this growing deviation between the region's winners and losers that excites us.  In 2019, the European technology sector once agai...