European Property: Is the Party Over?
For the time being investors should avoid large bets on European property and should be in no hurry to ramp up allocations.
Europe
European Linkers: Getting Interesting?
While rising real yields have restored some value to European inflation-linked bond markets, linkers are not yet attractive on their own, although do offer some value relative to nominal government paper.
European Equities: Priced for Perfection?
Going long the European restructuring/growth story has gone from a contrarian play to a consensus trade.
Room to Boost European Dividend Yields?
Excess cash may lead to increased dividends and share-buyback activity, if M&A activity doesn’t lay claim to the money first.
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.
Implications of a Rising Pound
While continued pound strength would weigh on unhedged cross-border U.K. investors, it should not crimp corporate profits so long as global growth stays strong.
All Quiet on the Eastern Front?
Is a booming emerging Europe veering toward an “Asia-Style” crisis?
A Cautionary Tale on U.K. Property
Lessons learned from the early 1990s liquidity-driven property market crash.
Encore! Or Exit?
While investors have high hopes for European equities in 2007, the headwinds facing the market may result in a disappointing performance.
Bullish on European Property
Recent strong returns may be just the beginning for this underappreciated sector.