Europe’s market upswing is beating expectations, but why?
Three main factors are driving growth and providing investment opportunities for Pie Funds.
Although continental Europe is lagging behind the UK in the speed of the Covid vaccine roll out, the recovery from the crisis is so far better than expected across the entire region. Recent signs of industrial manufacturing, demand for workers and confidence in the service sector all point towards a rapid rebound.
Also contributing is the European Green Deal, a growth strategy to make Europe’s economy sustainable. This brings widespread regulation and legislation and will create many jobs in new high-tech industries such as renewable energies, sustainable buildings, and efficiencies in resource use.
Germany’s elections are in September too. Germany is the powerhouse of Europe yet will be losing its long-term stable chancellor Angela Merkel who is retiring. The most likely result will be a continuation of her party coalition in power with increased influence from the Green Party. We think this will result in sustainable favourable market conditions, like simpler taxes, more housing planning, and a digital push in healthcare, while also accelerating the Green Deal agenda.
Our active management strategy means we can be nimble and take advantage of opportunities in growth companies and sectors abroad. This is further supported by our Pie global research team on the ground in London. Pie’s investment team keeps a close eye on market conditions as part of this active management strategy, which helps us build wealth for our clients.
View Growth UK & Europe Fund
Pie’s Growth UK & Europe Fund:
+ Hand-picked companies through active management
Invest globally through quality companies hand-picked by the Pie investment team.
+ Long-term capital growth
Pie’s UK & Europe Fund aims to deliver long-term capital growth. Diversify your investments through exposure to these strong markets.
+ An equities research team in London
Our specialist researchers find opportunities in UK & European sectors. Their strength in detailed analysis helps select strong companies.
+ Unique exposure to opportunities
Expand your portfolio through quality companies and sectors, including some that are difficult for retail investors to access. Pie’s UK & Europe Fund gives this exciting investment opportunity.
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Information is current as at May 2021. Pie Funds Management Limited is the manager of the funds in the Pie Funds Management Scheme. Any advice is given by Pie Funds Management Limited and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Pie Funds Management Scheme investment funds, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see our product disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary.