European securities still offer good investment potential despite the current downturn, one expert has claimed.
Steven Maxwell, head of European equities at Scottish Widows Investment Partnership, explained that the products should be thought of as long-term concerns.
"We believe now is a time for the shrewd investor to selectively pick up bargains across various countries and sectors," he said.
Currently, valuations look very attractive, both in a historical basis and when compared to other asset classes, Mr Maxwell added.
Although volatility in the market will persist in the short-term, there are still good opportunities to be had and people should take advantage of this, he stated.
Yesterday, research by Fool.co.uk revealed that 11 per cent of people are set to invest more money in the stock market because of falling interest rates .
The money website suggested people invest their cash over a long period of time as this will help smooth out peaks and troughs in the market.
European securities still a good investment, expert claims
European securities still a good investment, expert claims
Tue, 23 Dec 2008
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