PGIM's Collins Says Europe Has Fiscal Discipline

The video discusses the reasons behind the dollar's weakness and the potential benefits of investing in foreign currencies, particularly in Europe and emerging markets. It highlights the relative growth rates of the US, Japan, and Europe, and the investment opportunities in peripheral Europe and emerging markets. The discussion also covers the trading of peripheral bonds as credits versus sovereigns, the fiscal discipline in Europe, and the implications for the dollar. Finally, it addresses the European equity market's performance post-French election and the potential for growth.

What role does fiscal discipline play in the economic outlook of Europe compared to the US?

What expectations are set for European equity returns in the coming year?