The fund manager for Henderson Global Investors has said people should be “unashamedly European” when making decisions on investments.
Mr Beckett said he was buying European domestically exposed stocks due to rising domestic demand and the protection they offered from global macro issues.
With the continent having spent the past few years out of favour, Mr Beckett suggested it was time to reinvest.
He said: “Emerging markets and currencies have been hard hit – exacerbated by geopolitical tensions in Brazil and Egypt, not to mention soft data in China. But Europe has been less affected and finally seems to be showing signs of improvement.”
The fund manager said that in the past few years, investors had turned to the United States, which had shown strong signs of recovery from the financial crisis.
But following comments from Ben Bernanke, chairman of the US Federal Reserve, on the prospect of slowing quantitative easing, Mr Beckett argued that European investments were the best way to move forward.
Mr Beckett, manager of the TR European Growth fund, added: “There is still much to be done, but demand is stable, growth is beginning to come through and European companies are looking healthy again – now is the time to become unashamedly European.”
Adviser view
David Penny, managing director of Somerset-based Invest Southwest, said: “It is possible that Europe is making a recovery – there are good economic statistics coming out to suggest the climate is manageable. We do advise our clients to invest in Europe as we feel it forms part of a well-managed and well-spread portfolio.”