Choosing the best funds to tap into a European recovery

COMMENT

Ken Rayner of Rayner Spencer Mills Research looks over the major events driving European markets since the crisis, and selects his best fund ideas to play the recovery.

For much of the period following the financial crisis, Europe and its economic and political positioning has been one of the key factors in determining the sentiment of investors around the world. The action of central banks, particularly the Federal Reserve, was clearly the other main factor, but views on Europe dictated much of the volatility in markets. Times have now moved on, and 2013 saw a large recovery in sentiment around Europe, probably as a result of the statement from the ECB by Mario Draghi, in mid-2012, which showed unlimited support to prop up the struggling European ec...