Jupiter's Darwall downplays sovereign debt crisis

Jupiter's head of European equities Alex Darwall has dismissed the sovereign debt crisis as a "micro" issue which will have little impact on the corporate sector.

The manager of Jupiter's £1.2bn European fund says many European companies have been "energised" by the recession, which has polarised the strong companies and the weaker ones. "UK investors have missed a point on great European companies - it is a good time for business," Darwall says. "The corporate sector is now benefitting from advances in technology, and, in general, levels of profitability are good." The IMF has forecast world economic growth of 4.6% this year and Darwall says European companies are best placed to take advantage of this due to Europe's strong export tradition...