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Data Assets & Alpha Group: A Focus on European Equities Post a Strong Rally

Making Sense

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China Reopening - Key Risk to Your Underweight in Europe?

China reopening is still the biggest upside risk for this European underperformance trade-up. Europe has obviously benefited massively from this theme already because many global investors have felt more comfortable playing it through European luxury and commodity names. But going forward, I think as the domestic macro and corporate fundamentals related headwinds grow for Europe, against this backdrop of an improving Chinese economy, people may feel more comfortable buying China over Europe.

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