Gavekal Capital: A Low in Positive European Earnings Revisions?

Tuesday, October 28, 2014

A Low in Positive European Earnings Revisions?

It's tough to find a great deal of optimism in or about European equities these days. And, while the percent of issues with positive earnings revisions over the last six months has reached multi-year lows in most sectors of MSCI Europe, it is noteworthy that such extremes tend to remain in force for at least five or six months-- meaning we would not expect a rapid rebound in positive revisions anytime very soon.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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