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Past performance alone not enough to assess European fund managers

Consistency, reasons for outperformance are also central to the process.
Wednesday, July 22, 2015 - 05:50

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Mr Hou advocates a core-satellite approach to portfolio management in order to optimise return versus risk of the underlying portfolio

NOTWITHSTANDING the continued uncertainty over Greece, Europe's macroeconomic environment is continuing to improve. Since the eurozone crisis, we are starting to see upgrades in corporate earnings, thanks also to a weaker euro and lower energy prices.

While there remains market headwinds

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