For institutional investors in Norway

European equities: will inflation be transitory for longer?

John Bennett, Director of European Equities, discusses growth versus value, whether he believes inflation will become more persistent and what this means for European equities.

Key takeaways:

  • The valuation of growth stocks has been stretched to extreme levels. We believe this provides an opportunity for the value stocks which have been left behind.
  • It is important not to become rooted in a single and one-sided view on inflation. Our view is that inflation will be ‘transitory’ for longer at the very least.
  • History proves that you cannot control bond markets and we would be unsurprised if the bond market gets spooked.
John Bennett

John Bennett

Director of European Equities | Portfolio Manager


22 Oct 2021
5 minute watch

These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them.

 

Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

 

The information in this article does not qualify as an investment recommendation.

 

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John Bennett

John Bennett

Director of European Equities | Portfolio Manager


22 Oct 2021
5 minute watch