Continental Drift

For as long as anyone has been in investor relations in the UK, a few assumptions have prevailed in respect to continental European equities that have allowed British arrogance to reign supreme. There's no true equity culture on the continent, runs the theory (and, indeed, the practice - at least until very recently); and this has produced small, thin, illiquid markets. A risk-averse approach to investment - by institutions and individuals alike - has steered money away from the equity markets