The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A passerby uses his smartphone to take a picture of the euro sign landmark in front of the headquarters of the European Central Bank in Frankfurt.
A passerby uses his smartphone to take a picture of the euro sign landmark in front of the headquarters of the European Central Bank in Frankfurt.
(Kai Pfaffenbach/Reuters)

Money managers have a new love: Europe

If you think Europe offers the best opportunity for finding beaten-up stocks in the midst of a rebound, keep in mind that you are not alone: Europe has become a popular the destination for professional money managers, raising the question of how much upside is left.

That’s one of the implications drawn from the latest Bank of America fund manager survey, which reflects the strategies of 236 participants and $689-billion (U.S.) of financial assets – making it a good snapshot of what the smart money is up to.