From Special Report: Eurozone in Crisis - April 2012
What next for bailed out euro members?
Investors remain nervous over the outlook of bailed out nations, but some economies show signs of recovery
The manager argues that the opportunity in European financials can be compared to the Asian financial crisis.
“Much the same as when banks traded on distressed valuations in Japan, they are now doing the same in Europe. While benchmark investors shunned Japanese banks, those who didn’t came out on top with four to five times returns. We believe the same opportunities exist in Europe.”
Jenny Lowe is features editor at Investment Adviser