Rocketing from runner-up all the way to the top is the J.P. Morgan Cazenove quartet led by London-based Mislav Matejka, 36. "The euro zone, in a sense, is more advanced in the process of fiscal consolidation, and in 2013 the fiscal drag is going to be bigger in the U.S.," Matejka says. "The European Central Bank has become more aggressive recently, and we think this is extremely important to reduce the risk premium that euro zone equities have." The group has reversed its long-standing preference for core over peripheral countries, predicting that the equities of such nations as Italy and Spain will outperform core countries such as Germany. The strategists have "a clear understanding of global macro dynamics and their relevance for European portfolios," proclaims one U.K.-based client. Matejka, who obtained a master's degree in finance from the London School of Economics and Political Science, joined J.P. Morgan in 2000 after working as an economist at the Industrial Bank of Japan (now Mizuho Financial Group). — Carolyn Koo |
Economics & Strategy – Equity Strategy: First
