Foreign equities trump U.S., report finds
Europe and Asia have outperformed U.S. equities in the last few years and will continue to do so, according to research by the global head of asset allocation at Barclays Capital, reports Financial News.
Europe and Asia have outperformed U.S. equities in the last few years and will continue to do so, according to research by the global head of asset allocation at Barclays Capital, reports Financial News.
U.S. earnings per share have only risen by 164% since 2000, against a rise of 200% in the eurozone, 184% in Asia, 238% in Germany and 267% in Japan, says Barclays’ Tim Bond.
Furthermore, European exports to developing nations have risen by 322% in the same period, against 183% from the U.S., according to Mr. Bond’s research.
“The balance of probability remains for European profits – and probably GDP – to outperform the U.S. for several more years.” Mr. Bond is quoted as saying in Financial News.
London-based Barclays Capital is the investment arm of Barclays PLC.
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