Europe: unloved and under-owned – Paul Wild and Nico Jackson, JOHCM Continental European Fund, note that Europe is trading back at its lows versus the US on a forward P/E basis, despite share buybacks in the US having ended and serious taxation risks looming should the Democrats win November’s US elections.
Europe at the heart of the “E” of ESG – Europe’s Green Deal will advance the region towards a more circular economy. The bedrock of this programme is investment in environmental technologies, cleaner transportation, buildings efficiency, decarbonisation and industrial innovation. This drive provides exciting, structurally underpinned long-term investment opportunities.
Emerging with strength – Paul and Nico believe they are emerging from the Covid-19 crisis with a portfolio of strong companies with considerable outperformance potential.
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.