An investment expert has insisted that, despite the pessimism surrounding economies around Europe, there are still opportunities to make money around the continent.
Sam Morse, manager of the Fidelity European Fund, has said that it is important to remember that many European companies are in fact exposed to economies around the world, where they can see better growth.
He added: "The prospects for European companies can be good, even if economic prospects are sluggish. Stocks in Europe are lowly valued in absolute terms and are cheap compared to other regional markets."
Morse gave pharmaceutical company Novo Nordisk as an example, emphasising the fact it has a 60 per cent market share in China .
Investors with Barclays Wealth recently predicted that emerging markets like India, China and Brazil would provide better returns than the UK this year.
Only 26 per cent of investors polled believed that the UK is best-placed to deliver returns in 2010, and, of the emerging markets, India came out top as the best prospect.
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