Gam's Bennett says growth sectors will lead European recovery

New growth stocks and sectors will lead the recovery of European equity markets, according to Gam's i...

New growth stocks and sectors will lead the recovery of European equity markets, according to Gam’s investment director John Bennett. “The bear market in European equities has lasted for ten years and is now very mature. Current valuations, extreme negative sentiment and the crushing of all themes in the market lead us to be more optimistic about the outlook,” he said. “We expect the market’s eventual recovery to be led by new stocks and sectors: former ‘growth’ rather than ‘value’ sectors and companies that are cash rich rather than highly leveraged,” he added. Bennett has been positi...