Hermes’ Todd: Mario’s moment lit the touch-paper for a European equities revival

Martin Todd, European equities fund manager at Hermes Investment Management, reflects on Mario Draghi’s bold “whatever it takes” speech in FE Trustnet. Five years on, Todd notes that we are only now seeing its positive impact being played out. He explains that while Draghi sowed the seeds for a market turnaround, it took a period of restructuring for companies to see the return of investors to the region and a renewed growth in earnings.

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