Europe: Portfolio Strategy - Strategy Matters - Giving Credit to Equity

We update our analysis of credit and equity risk premia for Europe. Both in IG cash credit and equities, the premia remain elevated relative to their own histories reflecting attractive valuations. But equities now look more attractive than credit even on a risk-adjusted basis.

>> Europe: Portfolio Strategy - Strategy Matters - Giving Credit to Equity  September 18, 2009 [PDF, 208 KB]