European Small Caps: Is There More Left to Run?
While small caps may be able to climb higher amid the current liquidity-driven market, valuations clearly point to an unfavorable risk-reward trade-off relative to large caps.
Authored by: Aaron Costello
It’s Getting Late—Risks Are Rising
This report on asset allocation in the current environment is the fifth in what has evolved into a series of occasional papers on the evolution of the secular bear market in equities and our thoughts on how investors can best cope with the prevailing uncertainties. While recognizing that conditions could certainly remain benign for some…
In Search of Global Quality
Quality is relatively cheap outside the United States, although harder to come by.
All Quiet on the Eastern Front?
Is a booming emerging Europe veering toward an “Asia-Style” crisis?
Encore! Or Exit?
While investors have high hopes for European equities in 2007, the headwinds facing the market may result in a disappointing performance.
Decoupling?
While Asia’s equity markets remain susceptible to contagion from any U.S. maladies, their economies continue to develop immunities.
European Equity Leadership Still Concentrated
While returns have been strong across European markets, the financials sector remains in the driver’s seat.
New Bull or Same Old Secular Bear?
Although U.K. equities are approaching their year 2000 highs, history implies the secular bear market is not yet over.
U.K. Equity Valuations: A Cross-Sectional Peek
U.K. equities appear pricey once you look below the index level valuations.