Deep Dive: How can we differentiate opportunities in Europe?

Sector is diverse

Alexandre Déruaz, CFA and head of portfolio management at Unigestion, dives into European equities

The European financial sector is a notoriously diverse investment universe, mixing relatively small, regional companies with large international groups, and two types of business - insurance and banking - exposed to very different dynamics. It is no surprise, then, that depending on the market environment, investment opportunities vary in different segments of this sector.  How do we differentiate opportunities among this diverse set of potential investments? Sector-wide characteristics Looking at valuations, banks appear somewhat cheaper than insurance companies, even when consider...