Europe’s the place to be in 2016, say PMs

Global portfolio managers say Europe, especially its peripheral countries, is the region most likely to reward investors in 2016. Alan Chua, global equities portfolio manager at Franklin Templeton, cited companies’ ability to cut costs – particularly wages – and the weak euro as supporting the region’s export competitiveness. This is helping countries such as Greece and Portugal – the markets at the heart of the eurozone crisis that began in 2010 – move their balances of payment…