Could European equities double in the next three years?

GAM's European equities manager Niall Gallagher has predicted European equities could double in the near term as the region is supported by a number of tailwinds.

The manager (pictured) said he expects European shares to rise as much as 100% in the next three to four years as companies begin to recover lost earnings. Speaking at the group's investment conference earlier this month, Gallagher said: "I can to see an inflection in the earnings of European companies, and many imbalances have now been corrected. "The fall in the oil price will lead to a significant impact on demand, and the drop in the euro will also boost exports. European equities could go 50%-100% higher over the next three to four years." Gallagher also pointed to the improvi...