Get APB updates first on GoogleJ. Safra Sarasin says that although the underperformance of European equities year-to-date brings down the valuations of the region’s equities, a clear buying opportunity has not yet emerged. Indeed, the MSCI Europe index trades on a P/E multiple of 12.7, representing a substantial decline from a peak of 15.3 in January 2018. “European equities have de-rated in 2018, as valuation…
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