GARS team: Why we have put £500m back into Europe

Euan Munro, head of multi-asset and fixed income at the group, said the value case for investing in the troubled continent has become too strong to ignore, given Europe has become the highest yielding equity market in the world. The fund, which has attracted £5bn of new assets over the past year, has initiated a 4% position in Europe, representing a £500m stake. “We have made a reasonably significant allocation back into Europe on the premise the continent’s problems are widely known and in the price,” said Munro. “Although in the coming months there could be even more dangerous ga...