In this video, European equities portfolio manager Ollie Beckett discusses the opportunities for European smaller companies in 2020 and explains the themes that he believes will be important in the months ahead.

  Key takeaways:

  • As recessionary risks appear to diminish, the team have taken a slightly pro-cyclical stance and believe that European equities may begin draw more attention from investors, especially within the small cap space where they believe valuations are particularly attractive.
  • Some European stocks with exposure to the UK are cheaper than UK consumer stocks – something that may prove favourable to value investors as uncertainty around Brexit fades.
  • Themes running through the portfolio include the transition towards renewable energy, and education, which remains increasingly important as artificial intelligence continues to penetrate society.