Eurizon Quality names in France with appealing valuations

Paolo Vassalli, Co-Head of European & US Equity Research, took part in Fondi&Sicav’s report on European Equity. Vassalli answered questions on the European stock market following Theresa May’s resignation and the outcome of the European elections. On the former topic, Vassalli believes there is a “risk of the (Brexit) process becoming even more chaotic, which could have repercussions on the economy and, most importantly, could generate volatility on the pound”. For what concerns the European elections on the other hand, “the worst-case scenario for the markets seems to have been averted […] particular focus will now be on the evolution of the Italian situation”. This is why in the present phase “it is advisable to invest in stock lists with a strong presence of quality names, with solid fundamentals and appealing valuations”. France offers an interesting combination from this point of view.
 
“Eurizon: ‘In Francia società di qualità con valutazioni interessanti’”  - Fondi & Sicav, 10 June 2019