European equities have delivered strong returns this year, but most of the gains have come from a narrow range of stocks and sectors — the consequence of changes in European fiscal policy.
But with the valuations of those sectors now arguably looking rich, where could the next generation of European equities come from?
This guide, which is worth 60 minutes of CPD, looks at the opportunities within the mid and small-cap areas for income investors, as well as other areas of the large-cap universe.
