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MSCI EMU Small Cap Price-to-Book Evolution
The price-to-book ratio of European (developed) small cap stocks has fallen well below the historical average, but is still above the lows of 2008, 2011 and 2020.

Leon's avatar
I think quality European Small Caps currently offer a good risk/reward for the long term. Of course it can go lower, but i will never time the bottom perfectly, so i continue to accumulate shares of these companies

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