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IFAs say Europe is the next high-growth sector

Ninety per cent of IFAs believe Europe is set to become the next high-growth investment sector, according to a survey commissioned by Schroder Unit Trusts.

Schroder says that, since last year, Europe has been one of the fastest-growing markets in the world, largely driven by technology and the telecoms industry, in which it is a global leader.

The weak euro, which is now unlikely to fall any lower, has also provided some attractive opportunities for European investment.

At present, around a third of all IFA clients are reported to hold European funds in their portfolio.

Schroder, which launched a new European technology fund in May, says the survey&#39s results are in line with its fund manager&#39s opinion.

Schroder head of UK sales Neil Bridge says: “This research clearly concludes that IFAs seem to mirror both the opinion of fund managers and the performance of the markets. Europe is the region to be investing in at present with the best growth prospects and will become increasingly so in the future.”

Chase de Vere investment marketing manager Ian Millward says: “It is always hard to try and pick markets but, as part of a solid portfolio, inves-tors should look to have around 15-20 per cent of their stockmarket money in Europe.”

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