Equity Markets Still Offer Value Despite Recent Rally

Despite equity markets enjoying the fourth-biggest rally since the Great Depression, value can still be found in select stocks, notes a research report from PIMCO.

Virginie Maisonneuve and Anne Gudefin of PIMCO in their September 2014 research report titled: “Equities: Finding the Path to Value” point out their generally sanguine view on valuations stems from their new Neutral outlook for the next three to five years.

Equity markets: Pockets of opportunity

The PIMCO analysts point out that despite equity markets rallying over the past five years, there are a number of companies in Europe where market valuations have lagged those in the U.S. and Japan. They note valuations of many European companies have been cheaper than their global counterparts and have provided...