Nannette Hechler-Fayd’Herbe

European equities have barely risen since the start of the year and could catch up if Middle East tensions resolve and oil prices normalize, offering value relative to the concentration in US markets.

The healthcare sector has underperformed but offers great value, making it a contrarian opportunity for a catch-up rally.

Emerging market equities are the firm's absolute favorite region due to attractive valuations and finally strong earnings, benefiting from a multipolar world.

Within the technology sector, software has been disfavored and offers a better risk-reward than the broader tech rally, which may see short-term profit-taking.