Milford Asset Management is among local fund managers increasing their exposure to the old world, with European stock markets trading at a steep discount to their Wall Street equivalents.
Since the start of the year, Germany’s DAX 30 has gained 13%, France’s CAC 40 is up 9.9% and the UK’s FTSE 100 index has advanced 6.6%, outperforming the 4.5% increase for the S&P 500.
That’s after ...
