Expert Investor - Fund Selector Asset Class Report October 2017 FSACR_Oct17_BOOK.v2 | Page 12

In depth: European equities
Increase
Hold
Decrease
Not use
We’ve taken one particular asset class
or strategy and broken it down into
country-by-country attitudes.
– This year, in line with a surge in
macroeconomic optimism across Europe,
sentiments towards European equities have
become very positive.
– In terms of fund flows, 2016 was a terrible
year for European equities but 2017 stands
in sharp contrast: between April and July
we saw €22bn net pour back in.
– Last quarter, investors across all 14
European countries in which we carry
out our survey were bullish on European
equities. In Q3, it’s still very positive, but
just a little less.
– The countries that remain particularly
positive are Germany, Belgium, France and
Italy.
European equities: buying/selling intentions %
100
80
60
40
20
0
Q3 ’14
Q3 ’15
Q3 ’16
Q3 ’17
European equities: buying/selling intentions Q3 ’17 %
100
80
12 | EI Fund selector asset class report
Italy
0
20
40
60