Finding Value in European Stocks

Financial stocks' fall in value, and changes in currency prices mean the European stocks look attractive for the long-term investor

Dan Kemp 30 August, 2016 | 12:01PM

European stocks look attractively priced. This is a contrarian judgement supported by material drops in financials, pound sterling and the euro which combine well with supportive valuations.

HSBC are now claiming sterling could fall to parity with the euro

Continuing the contrarian bent, we see intriguing long-term opportunities forming in many unloved markets, including many of the emerging markets in Europe. For instance, there appears to be long-term opportunity in countries such as Greece, Russia, Turkey and the Czech Republic, all of which are well represented in the emerging market Europe index.

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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

Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA

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