This time last year, the Invesco International and Global Growth team was optimistic about the better relative earnings potential that we saw building in Europe. Indeed, the trends played out to our benefit over the course of 2017. In dollar terms, European equities outperformed US equities by 3% in 2017, the first time since 2012.
If you are like many people, you probably have put plenty of thought into what your ideal retirement would look like. Maybe it involves exotic travel, pursuing a favorite hobby or spending more time with friends and family.
After a family business has been successful and the family has accumulated wealth, what happens next? The answer has less to do with the business climate and more to do with the preparation and commitment of the young family members who must take their places as leaders and overseers of the family’s wealth.