SocGen's Edwards on 'once in a lifetime' equity opportunity

One of the industry's most widely followed strategists, Albert Edwards, has said depressed European equity markets are a once in a lifetime opportunity for investors following the savage sell-off in 2012.

Speaking at a conference for investors, Edwards said positive sentiment on equities is reaching new heights, mirrored by inflows into the sector from retail investors. However, risk-averse pension funds and other institutional investors have been reducing their allocation to equities and risk missing out on the “cheapest equity prices for a generation”. Of all the developed markets, Europe looks so cheap it could be a unique investment opportunity for those who can ignore macro noise, Edwards suggested. "Europe is unambiguously cheap. Nevermind the chaos going on, you only get to b...