According to Tim Stevenson, Director of European Equities at Henderson, 2017 will be an intriguing year. My expectation is that Europe will not self-destruct, but instead become a haven of stability while the UK tries to figure out what Brexit means (the UK Prime Minister's response that “Brexit means Brexit” does not wash).

Nick Sheridan, European equities manager, provides his outlook for 2017, discussing how politics is likely to shape investor sentiment (much as it did in 2016) and how he is positioning his value-biased strategy to take advantage of any mis-priced opportunities.

Risks to EM equities and bonds have increased since the U.S. election, with the incoming Trump administration's policies on trade uncertain. Yet a cyclical growth pick-up benefitting EMs outweighs these risks for now, we believe, and supports selectively investing in EM assets.

Amundi strengthens its Multi-Asset team with the hiring of Laurent Tignard as Head of Multi-Assets for institutional clients and the appointment of Raphaël Sobotka as Head of Multi-Assets for retail clients.

According to Marie Lemarie, director of investments at Groupama SA, the conjunction of solvency and low-rate environment has militated for a reduction of the equity risk. Groupama has halved its equity exposures between 2011 and 2016.