In the 2000s, Eastern Europe was a successful region of Emerging Markets. A kind of gold rush attracted many investors to these markets. The region was hit hard by the financial crisis of 2008, but the investment story was not yet written off. It was only political changes, such as the Caucasus war of 2008, the annexation of Crimea in 2014 and, ultimately, the war in Ukraine in 2022, that made this region almost uninvestable for many investors.
For the latest update for the Premier Miton Diversified range of funds, Neil Birrell, Premier Miton’s Chief Investment Officer and lead manager of the Diversified fund range, has asked Duncan Goodwin and Luke Smith, who manage the global ex-UK equity portfolio, to sum up the importance of a calm and consistent approach.
A broadening of equity market performance beyond U.S. mega-caps was one of our key themes for 2025—right now, Europe is where it is playing out most notably.