Citywire has reported that Henderson Global Investor’s director of European equities John Bennett has made the following rather bearish comments about so-called emerging Europe in his latest update to his investors:
“At the moment there is no real emerging Europe, we have got submerging Europe, which is a real concern actually of mine. So, emerging Europe tends to refer things to the East of Germany and I would say “no thank you” to Russia. Although I am a “never say never” investor, I probably have said never throughout my career to Russia, and I don’t see myself changing that. In fact, whether I go to Budapest or Poland, throughout my career I have very rarely dabbled there and I don’t particularly feel we have got an edge.”
Although Bennett said he would remain open minded to emerging European stock markets, he’s also concerned about their liquidity:
“There tends to be a little bit of liquidity on the way in but very little on the way out. I am very open minded on Poland, for example, but I have got enough opportunity in Western Europe and don’t feel I have to go there.”
Its worth noting that Bennett is the manager of six Europe-focused equity funds and will continue to focus on Western European opportunities – notably in Switzerland, UK and Germany.
To read the whole article, Henderson veteran Bennett: why I’m avoiding emerging Europe, go to the website of Citywire.
Similar Posts:
- Invest in Poorer Performing Emerging Markets for Better Gains? (CNBC)
- Russia Troubles Hit Emerging Markets – Including Emerging Europe (Barron’s)
- How ECB QE Could Impact Emerging Markets (FT)
- Infographic: Russia’s Sphere of Influence in Context (VOX)
- ING IM’s Ruijer: China and the Fed are the Biggest Risks to Frontier Markets (Citywire)
- Don’t Worry About Swiss Franc Mortgages in Poland? (FT)
- Fortune Magazine’s Best Emerging Markets to Invest in Now
- Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
- PZU (WSE: PZU / FRA: 7PZ / FRA: 7PZ0): Poland and the CEE’s Largest Financial Conglomerate
- Redefine Properties Ltd (JSE: RDF / BLN: R7H1): Load Shedding Hits Earnings-Dividends But There is Growth in Poland
- The 15 Most Miserable Emerging Market Economies (Bloomberg)
- PKO Bank Polski (WSE: PKO / FRA: P9O): Poland’s Largest Bank That Also Owns a Bank in Ukraine
- PKN Orlen (WSE: PKN / FRA: PKY1): Russian Oil Sanctions Bite But Looks to Expand in Germany Plus Pays Record Dividends
- Russia Ukraine War’s Global Impact (MetLife Investment Management)
- Five Interesting Trends in Poland’s Economy for Investors (Mobius Blog)
