U.S. investors are adding money to European equity markets that suffered the most in the 2011 debt crisis, helping propel stocks from Greece to Italy to this year’s biggest gains.
European bank regulators, who rarely win plaudits from investors, can take credit for creating securities that produced the best returns in the region’s bond markets this year.
Dividends at Australian companies are increasing at the fastest pace among the developed world’s largest stock markets amid project spending cuts and an unstable global economic recovery.
Neil Woodford will take at least 3.7 billion pounds ($6.1 billion) of client funds with him when the mutual-fund manager leaves Invesco Ltd.’s U.K. arm at the end of this month.
Richard House, London-based head of emerging-market debt at Threadneedle Asset Management Ltd., which oversees $97 billion, said he recommends Venezuelan dollar bonds and Brazil’s local-currency debt. He spoke in a briefing in Hong Kong today.