Debt

Six weeks until result

Valuation do not provide margin for error on downside

Challenges more significant than outcome of Brexit vote

Patrick Vogel as lead manager

Following the crescendo of the European sovereign debt crisis in 2011, scepticism plagued investors across the continent, leaving the economy in a fragile, lethargic state.

Investors unconvinced

Buyback ETFs undershooting benchmark indices

Following January's panic, markets staged a strong recovery from their mid-February lows following central bank action, a firming in oil and commodity prices, a clearer picture on China and US interest rates.

Chris St John, Portfolio Manager, AXA Investment Managers

Greek debt crisis could re-emerge