Sep
03
After $40 Billion Exit, Morgan Stanley Says Give Europe a Chance
By-
‘Unloved’ European stocks looking ‘increasingly attractive’
- Underperformance, undervaluation of banks becoming ‘extreme’
No other region has suffered Europe’s massive outflows this year, and that’s exactly why Morgan Stanley says it’s time for investors to take a fresh look at these stocks.
“From a relative perspective, Europe (and European exposure) looks increasingly attractive,” Morgan Stanley strategists, led by Graham Secker, wrote in a report. “Having seen the largest outflows of any region over the last six months, Europe appears unloved and undervalued just as the growth newsflow starts to pick up.”…
After $40 Billion Exit, Morgan Stanley Says Give Europe a Chance
