Recession-Ready Europe Piques Fulcrum’s Dispersion Interest

Fulcrum Asset Management is adding more European exposure to its dispersion basket, shifting from the U.S. dispersion focus it had over the last 12 months. Stephen Crewe, partner at Fulcrum Asset Management in London, said the period of strong U.S. outperformance appears to be drawing to a close, meanwhile there could be some real differentiation in European names if a long-awaited recession comes to fruition.