Morningstar IM ups European exposure in anticipation of US-style corporate reform

Particuarly bullish on financials

Morningstar Investment Management has moved overweight European equities across its managed portfolio range, with president and global chief investment officer Daniel Needham claiming the "attractively valued" region has yet to price in the potential for the sort of widespread corporate and fiscal reform already seen in the US.

Despite many investors approaching Europe cautiously, amid growing support for populist parties in this year's upcoming elections, Needham said the pro-business attitude already championed in European countries such as Germany and Spain is yet to filter through the region as a whole, creating a large amount of upside potential across stocks. The Contrarian Investor: For life after populism, look to India "The rise of populism is pretty terrifying, but it poses a lot of questions that we, as investors, cannot yet answer with any certainty, so we prefer not to look at companies this way...