Are wealth managers ready to jump back into Europe?

Will excessive caution lead wealth managers to miss out on lucrative opportunities? Katie Holliday reports.

The phrase “eurozone crisis” has certainly been exhausted by financial commentators over the past few years.  In recent weeks, the crisis has yet again reared its ugly head as elections in Greece and France revealed support for anti-austerity programmes and investors ponder the much speculated and increasingly realistic chance of Greece exiting the euro, prompting markets to sell-off across the board. Spain’s Ibex was down 1.8% at 6,690, and the main Athens index fell 4.7% at 557 points following the election results. Greece leaving the euro would no doubt prompt a bout of extreme volati...