Non-eurozone equities outshone eurozone
Investments in non-eurozone equities have tended to be more lucrative than investments in eurozone countries in 2014, the latest Euromoney EMIX Europe Index Series Revealed.
According to Euromoney, a £10,000 investment across non-eurozone equities made on 1 January 2014 was worth £10,980 at the end of Q3, representing a a rise of 9.8% and £555 more than an investment in eurozone equities, which returned 4.25%.
Denmark and Switzerland turned out to be the most attractive locations for investments, showing an increase of 18.8% and 4.6% respectively in total return Sterling terms. With regard to sectors, pharmaceuticals were most successful, showing a rise of 18.76%.
Sui Chung, managing director of Euromoney Indices comments: “From the middle of June the gap in performance of eurozone and non-eurozone equities has been marked, with the difference in performance peaking in early August and remaining significant through to the start of October .”
“Given the continued pressure on eurozone economies and the latest news from Germany it will be interesting to see how markets perform as we enter the final quarter” he adds.