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Europeans Can Kick the Can Down the Road

Europe has started 2017 out of favor; but once it grows 10%, American investors will rush in, a fund manager predicts

European stocks are likely to deliver good returns for investors willing to put up with the political turmoil that is in store for this year, if interest rates have bottomed, a fund manager focused on the Continent has told TheStreet.

"You go into 2017 with Europe out of favor; it's a good sign," John Bennett, who manages €10.7 billion ($11.2 billion) as part of Henderson's pan-European equity team, told reporters in London. "I think Europe will defy the pessimists to climb the 'Wall of Worry'."

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