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By Eric Renard, Head of Investment Specialists, European Equities - BNP Paribas Investment Partners
Despite the eurozone doom and gloom, European equities are, going into the final straight, on course for a decent performance in 2012. In this article, we review some of the overlooked strengths of European companies at this time.
Events in the eurozone in early September provided some relief from the negative news flow that has dominated the region over the last two years. Understandably concern about prospects for the European Monetary Union has overshadowed the positives for European stocks. Investors should however not lose sight of the arguments in favour of European equities, particularly as the discount in valuations versus other developed equity...
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