World Cup 2014: Who is the Investment Champion?

How do the favoured five football teams' stack up when comparing their economies and stock markets instead of their on-pitch prowess?

BNY Mellon 12 June, 2014 | 11:53AM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, BNY Mellon’s specialist investment boutiques Meriten, Standish and ARX share their views on the top five footballing favourites’ economies: Germany, Spain, Italy, Argentina and Brazil. 

European Contenders

2014 may be too early to expect Spain to surpass Germany’s growth performance. For the rest of this year and into 2015, we expect the gap between European countries to narrow, with a potential for some unexpected positive growth from southern Europe in 2015. The growth ratings of Germany, Spain and Italy differ from their football rankings. The clear current economic champion is Germany; however the footballing champion is not so obvious.

With confidence of both companies and private household normalising and financing conditions appearing to also gradually improve, Spain could emerge from its current uncertain economic state with some momentum in the next two years. Elsewhere, Italy’s economic progress is more muted as GDP broadly stagnated in the last two quarters. However, there are some improvements visible in the cyclical indicators, such as the purchasing managers’ index, which has improved significantly from the low levels of the last two years.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

BNY Mellon  is a leading investment management and investment services company, uniquely focused to help clients manage and move their financial assets

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies