Lazard: large cap outperformance to continue in Europe

Barnfather, who has managed Lazard's European Alpha fund since February this year, believes that while small and mid caps have shown considerable growth over the past ten years, the quality and financial productivity of large caps will prove invaluable over the next ten. He said: "The perception of what makes a quality stock has been changed over the course of the last cycle due to the sustained period of uninterrupted growth. And, due to this period of growth, good and bad companies alike have risen together, therefore leading investors to underestimate the importance of quality." When...