How IT managers are positioning for euro crisis

ITs

Annabel Brodie-Smith, communications director at the Association of Investment Companies, examines how Europe and Global managers are positioning their trusts to profit from the euro crisis.

The eurozone is all over the headlines as, for the first time, European central bankers have talked publicly about managing a possible Greek exit from the monetary union. There is a lot of concern about contagion for the rest of the eurozone if Greece left. These headlines follow the recent elections in France and Greece and on-going worries over Spain’s banking system.  It is hardly a surprise that investor sentiment has taken a knock with the European investment company sector currently trading at a wider than average discount of -12%, compared to -9.5% for the average investment compa...