EdenTree's Hiorns: Europe's recovery takes centre stage but dangers still lurk

The threat of populism may have abated in Europe for now, but investors in the continent should not rest on their laurels, argues Chris Hiorns, manager of the EdenTree Amity European fund.

The EU received a welcome reprieve with the election of centrist Emmanuel Macron as French President. For now, the powerful tide of populism has receded in the West. However, while his victory was decisive and Europe's growth engine is recovering, investors should not become overly complacent, as both France and the European project face challenges ahead. After the anti-climactic French presidential race finish, the reality is we are now heading into a fresh vote in the Fifth Republic: the legislative elections in June. Macron's En Marche! party is a newly formed vehicle and it, th...