The pan-European Stoxx 600 index has risen nearly 32% since the depths of the market turmoil in mid-March, but is still down around 12% year-to-date. By comparison, the S&P 500 is up 42% since mid-March and is now down just over 2% year-to-date.
"Across Western Europe, information technology, food products, FMCG , finance and insurance, and pharmaceuticals will present opportunities in 2020-2021, whereas mining, durables, transport equipment, construction, and hospitality will suffer disproportionately until the end of 2021," she said.
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