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Top related persons:
Bernie Ahkong - 2 Graham Secker - 2 Morgan Stanley - 2 Europe's - 1 UBS O'Connor - 1 Ahkong - 1 Geoffroy Goenen - 1 Candriam - 1
Top related locs:
Europe U.S China PineBridge United States Amundi
Top related orgs:
Alpha - 2 Barclays - 2 Thomson - 2 UBS - 1 UBS O'Connor Global - 1 U.S - 1 Bank of America's - 1 Eurostat - 1

Search resuls for: "Bernie Ahkong"


3 mentions found


☆ Europe's brief window of market outperformance swings shut
  + stars: | 2023-06-16 | by ( Samuel Indyk Lucy Raitano Alun John | Samuel Indyk | Lucy Raitano | ) www.reuters.com   time to read: +5 min
It overtook Europe's STOXX 600 (.STOXX), which is up 9%, in late May for the first time this year. In dollar terms, the STOXX 600 (.STOXXD) is still lagging, having gained 11.3% in 2023, while the euro is up 1.1%. "Relative to the U.S., European equities are looking less interesting and attractive," said Bernie Ahkong, co-chief investment officer at fund manager UBS O'Connor Global Multi-strategy Alpha. The euro zone economy was in technical recession in the first quarter, data from European statistics agency Eurostat showed last week. "But Europe looks even more unattractive than the U.S., because the temporary good data from Europe is really going to turn."
Persons: Europe's, Bernie Ahkong, UBS O'Connor, Ahkong, Geoffroy Goenen, Candriam, Graham Secker, Morgan Stanley, Hani Redha, Alex Richardson Organizations: UBS, UBS O'Connor Global, Alpha, U.S, Bank of America's, Eurostat, Barclays, Thomson Locations: U.S, Europe, China, PineBridge, United States
☆ European equity investors hunt for big returns in small places
  + stars: | 2023-06-15 | by ( Lucy Raitano | ) www.reuters.com   time to read: +5 min
The MSCI Europe SMID index of European small to mid-cap firms (.MIEU000D0PEU) is trading near 2008 lows versus the wider market in terms of valuations, including both price/earnings and price-to-book ratios. The bank's small cap basket is invested across sectors, or 'sector neutral', to make it "less prone to the ups and downs of cyclical acceleration and deceleration." But M&A remains a supportive theme, said Amundi's Matti, as big players seeking external growth can look to the small cap sector for niche expertise to add to their portfolios. "When people are trying to find alpha to add to their portfolio, small caps tend to be the place to look at," said Matti. "Ultimately, they (small caps) are a rich hunting ground for long-term investors."
Persons: Dash, Emmanuel Cau, Amundi, Cristina Matti, Amundi's Matti, Matti, Graham Secker, Morgan Stanley, ”, Bernie Ahkong, Morgan Stanley's Secker, Thomas McGarrity, Lucy Raitano, Susan Fenton Organizations: Barclays, Energy, Reuters Graphics, O’Connor, Alpha, UBS Asset Management, Data, RBC Wealth Management, Thomson Locations: Europe, Amundi
☆ Analysis: European companies' robust Q3 makes timing the end of the bear market even harder
  + stars: | 2022-11-11 | by ( Lucy Raitano | ) www.reuters.com   time to read: +4 min
Refinitiv data also shows analysts expect STOXX constituents to post quarterly earnings growth of 32.2% year on year, compared to just 4.3% for the benchmark S&P 500 index (.SPX) in the United States. Inflation has seen prices soar on the continent, but so far companies are showing they have been able to pass on rising costs. Of the 243 that have reported revenue, 80.7% beat analyst estimates, compared with 58% in an average quarter, according to Refinitiv. The STOXX technically entered a bear market in late September when it accumulated losses of more 20% from a January peak. “Our thesis at the moment is that we're not ready to say the bear market has finished.
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