Fear and loathing in European banks

European banks have serially underperformed the broad market

Any CEO would recognise there is a problem when investors do not want to put their money to work with you. That is the situation that European banks find themselves in. The MSCI Europe bank index has considerably underperformed its MSCI Europe parent over the last 10 years.

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands