Using the Lipper Leaders scoring system to analyse the best performing funds in the IA Europe ex UK sector.   Investors are looking at Europe once more. Over three and five years, flows have been strongly negative. That has reversed over the 12 months to June, with inflows of £3.89bn. It’s certainly not anything to do with enthusiasm over the region’s economic prospects. The Eurozone returned to growth in the first quarter of the year, exiting a technical recession (two successive quarters of contracting GDP). Although the European Central Bank was (along with Canada) the first to cut rates, there

Using the Lipper Leaders scoring system to analyse the best performing funds in the IA Europe ex UK sector.   Europe is emerging from the pandemic something of a mixed bag. For example, compared to the pre-pandemic peak, the Eurozone’s GDP was at the same level, Germany was 1.5% lower and France 0.9% higher. By comparison, UK GDP in Q4 2021 was 0.4% lower, while US GDP was 3.1% higher.[1] Equity performance is, of course, not reducible to national or regional growth rates. In these terms, it’s been a shaky start to the year for pretty much everyone. Most global