Europe's Stock Markets: Challenging Misperceptions

Lazard Insights — Lazard Asset Management

October 05, 2023


For many investors, Europe’s stock markets are associated with old-economy, low-growth sectors. But this fails to recognise how considerably the profile of the European market has changed in recent years.

Europe has developed a greater emphasis on growth sectors with a global earnings dimension. This is driving increased financial productivity and a more resilient earnings profile.

Yet the region’s stock markets continue to remain modestly valued on an absolute basis and relative to other developed markets. At some point soon, we believe this anomalous situation will begin to unwind.

In this edition of Lazard Insights, Aaron Barnfather, Portfolio Manager/Analyst at Lazard Asset Management, makes the case that multiple misconceptions around the European stock market may create an investment opportunity. 

Click here to read the full report on the Lazard Asset Management website

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