EUROPE WHY NOT !
With US Newsflow Short-term focused on the debt ceiling and budget reconciliation process and China slowdown fears:
Why Not Refocus Portfolio Allocation on European Equities?:
1. European Equities benefit from Rising yields given its Higher cyclical weighting.
2. Furthermore, Domestic Reopening continues and Consumption is improving with Strong vaccine roll-out
3. Valuations and Dividend Yields Attractive with Strong Earnings Momentum
4. European has World-class multi-nationals
5. Europe has Exposure to ESG trends
Europe offers underappreciated opportunities: (1) valuations remain attractive, (2) market has strong exposure to any global
cyclical recovery, (3) fiscal policy remains accommodating, and (4) earnings growth assumptions going into 2022 are supportive.