With regard to the Brexit vote, despite the best prognostications from both pollsters and bookies, the “Leaves” of the UK were victorious in extricating themselves from the European Union (EU).
The prospects for the European banking sector have grown dim. Read the latest insights from Euclid Advisors’ international investment team.
Euclid Advisors LLC
Euclid international team doesn’t expect contagion to spread from Greece.
Many investment professionals have been calling for a bounce in commodities-related equities based largely on their big declines in recent years and the perception of value in the energy and material sectors.
Excitement in Chinese stocks has ratcheted up this year, with share prices rising rapidly in China and in emerging markets (EM) equities in general. Ironically, this is occurring at the same time that EM-listed corporate profits have been contracting. So it appears that it is not profits that are driving Chinese and EM stocks higher.
Past performance is not a guarantee of future results.
Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.