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Europe is a key part of equity allocations. We highlight the case for active management and argue it’s a focus on fundamentals that matters.

2026 has thus far seen geopolitical events, from Venezuela and Iran to Greenland, attracting attention. Headlines about tariffs and questions over the independence of the US Federal Reserve have continued. Still, financial markets remain resilient.

Markets expected double-digit growth for Europe in 2026, but this has been impacted by the Middle East crisis.