This is a very interesting article about how Eurozone ETFs are starting to pick up speed and are outpacing Japan and Emerging Markets.
So what's spurring renewed optimism in European markets?
Surveys point to growing economic confidence. In particular, executives are planning more hiring and more spending on capital goods.
They do have a low GDP growth but I think the smart money is following Europe because they are starting to see signs of life and it seems that the markets for other nations are near multi-year highs already. It seems there is even some M&A life in Europe too. With L'Oréal taking over Body Shop and Zurich Financial Services possibly taking over St.Paul Travelers.
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