M&G's Olsen: Why there is no need to panic about European equities

John William Olsen, manager of the M&G Global Growth and M&G Pan European funds, examines the buying opportunities for high-quality companies.

It shows how quickly markets have corrected that we are now weighing up European equities as a buying opportunity. While we can understand the reasons behind the August sell-off and the accompanying increased volatility, much of the selling has been driven by exchange-traded funds (ETFs) and algorithm-based trading - this can become self-fulfilling and give the impression of panic selling in the market.  We see no reason to panic, as there are still many positives currently, especially if you take a long-term view. Are ETFs and tracker funds becoming a bigger threat to active manag...