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PIMCO

Why Europe’s banks look like a Krispy Kreme doughnut

Matteo Anelli
22 October 2026
The icing is on the edge: Banks on the periphery earn returns in the low 20s while France, Germany and Scandinavia struggle to reach double digits.

Number of active emerging market funds holding the index’s top three stocks doubles

Gary Jackson
22 October 2026
Many emerging market and Asian equity funds are rising and falling with the same three stocks.

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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.