ING chief economist Marieke Blom said a consumer survey found 38% of Europeans
prefer investing in Europe versus 14% who prefer the US. She noted that despite
widespread negative sentiment on the European economic outlook, many still favor
home-market allocations. Blom said more flows into European equities would help
support regional valuations and draw capital into private companies. The Stoxx
Europe 600 is up 9.6% YTD; the S&P 500 is up about 13%.
