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  "notes": "Includes two charts: a bar chart comparing EPS growth expectations (2024-2026) and a line chart showing 3M moving average earnings revision ratios.",
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      "text": "It is counter consensus to add to European equity exposure, but this is what we are doing regardless.",
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      "text": "It is counter consensus to add to European equity exposure, but this is what we are doing regardless. Why? Recovering global PMIs, a low bar for earnings to surprise to the upside, German elections, pro-growth polices gaining favor and diversification* all benefit European equities as an attractive large-cap value play.",
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      "text": "Source: Bloomberg, MSIM. As of February 17, 2025. The views and opinions expressed are those of the Portfolio Solutions Group at the time of writing/of this presentation and are subject to change at any time due to market, economic, or other conditions, and may not necessarily come to pass. Past performance is no guarantee of future results.",
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