Political uncertainty is no longer a major reason to avoid Eurozone investments due its proactive coronavirus policies, according Martin Skånberg, European equity fund manager at Schroders.
Speaking on the FTAdviser podcast, Mr Skanberg said politics was "always a concern in all markets" but that the Eurozone had been "quite proactive" in reacting to recent events and producing recovery packages around Covid-19.
He was speaking with James Dowey, global equity fund manager at Liontrust, and Michel Perera, chief investment officer Canaccord Genuity Wealth Management.
The podcast is sponsored by Schroders.
Mr Dowey agreed. He said: “Politics is getting worse around the world, but Europe has beaten expectations, both in terms of the economic response and the health response.
"The European Green Deal is a very significant initiative.”
But Mr Perera was less positive.
Although he agreed the political risks were "not a major worry", he said it was possible European companies would be forced to take a side if relations between China and the US deteriorated.
He said this "would not be good".
To listen to the full podcast, click on the link above. FTAdviser's podcasts are also available on Acast and are available to download on iTunes and Spotify.
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