Regional Equity Strategy
Our preference for playing the regional pickup in growth through equity markets is bearing fruit, with our E urozone over US equities view (played through the ratio of MSCI US to MSCI EMU indices ) moving 1.6% in our favour over the past week.
We have added another way to play the improving German domestic demand story, initiating a bullish Spanish Small Caps (IBEXS) view to our asset class strategy, which has gained 4.0% since its entry on September 13.
Our bullish German autos view (played through Daimler) looks technically very strong, moving 11.4% in our favour, and we see potential for further gains as German consumption gathers steam.
|Waiting For A Break|
|Romania - BET Equity Index|