E35: European Equities — What’s the Next Trade?
European equities have gone from being “most unloved” among global equities late last year, to being a source of diversification from U.S. equities, and most recently to being a destination for roughly $26 billion of inflows so far in 2025. What is behind this remarkable comeback? Is it temporary or transformative? Does it still have legs, and what are the risks? Join host Elise Badoy as she tackles these and other key questions with Head of European Equity Strategy Beata Manthey.
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Elise Badoy, Head of Europe, UK, Middle East and Africa Research
Elise Badoy is a Managing Director and Head of Europe, UK, Middle East and Africa Research. Elise joined Citi in February 2010 and is a member of the Global Research Executive Committee. Prior to Citi, Elise worked at Goldman Sachs from 1999 to 2009, initially on the buy-side at GSAM and from 2001 in the Global Investment Research division covering the Consumer Staples sector. Prior to joining Goldman Sachs, she worked at Daiwa Securities in Equity Capital Markets and at ING Barings in Investment Banking. Elise was named in Financial News’ 100 Most Influential Women in European Finance 2018 and was a 2019 Women in Banking and Finance award for achievement finalist. Elise graduated from Ecole Superieure de Commerce de Paris (ESCP) and is a CFA Charterholder.
Beata Manthey, Head of European Equity Strategy
Beata Manthey is Head of European Equity Strategy in Citi Research. She joined Citi in 2007 as a Global Equity Strategist. Beata is part of a team that focuses on broader equity market issues. Prior to joining Citi, she worked at the European Bank for Reconstruction & Development. Beata graduated from the Warsaw School of Economics and holds a PhD in Economics from University College London.
