Continental European equity markets have suffered their sharpest ever sell-off in recent weeks as earnings visibility has evaporated.
We should all prepare ourselves and our portfolios for the possibility that freedom of movement restrictions may last for rather longer than is widely expected.
But we anticipate a strong market recovery once the signs emerge that the pandemic is under control, although we will remain vigilant in the coming month or two when we expect headlines concerning corporate gridlock to dominate.
Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Senior Fund Manager
Paul is Senior Fund Manager of the JOHCM Continental European Fund. Paul’s previous industry experience includes serving as a Pan-European Fund Manager at Sanwa Asset Management and a fund management role at Newton Investment Management. He began his career at Barclays Capital within their Capital Markets division. Paul is a CFA Charterholder and holds a BA (Hons) in Economics from the University of Lancaster.