It’s not all Greek

After the stunning performance of European equity markets in the first few months of the year, some moderation of expectations is called for, and we should not expect the rest of the year to be quite as good. But the continued improvement in the real economy, stronger earnings growth and generous dividend yields all suggest that a total return in the low double-digits – and a moderate overweight towards European equities – is justifiable.

Kerry Craig is global market strategist of JP Morgan Asset Management