Andrew Merricks, head of investments at Skerritt Consultants, has become more positive on Europe recently.
“Europe is the last one out in terms of recovering economies. We started off with European high yield exposure, but have added European equity income exposure around nine months ago.”
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He adds: “In terms of adding to European high yield, investors have missed the boat a bit. The yields were high to take into account the risk, but they have come down a bit now.”
“The easy money has been made, but it’s still attractive relative to the risk you are taking on.”
Joanne Ellul is a freelance journalist
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