High unemployment, falling prices and hefty debt levels haven't dissuaded U.S. investors from taking a bite out of equities in Europe, according to a growing chorus of analysts and business figures.
Carlo Ferro, the chief financial officer (CFO) of STMicroelectronics, told CNBC Thursday that he had spoken to a slew of global investors who appeared to be focused on snapping up stocks that are competitively valued when compared to other developed markets.
"I have met a number of investors - including in the U.S. - and frankly my takeaway from the U.S.A. is that there is a clear (resurgence) of interest towards European equities," he said.
"(They are) understanding that the current exchange rate may significantly reshape competitiveness of European players."
U.S. stock indexes like the S&P 500 outperformed other global bourses last year and have continued to hit record highs in 2015. However, analysts like Goldman Sachs' Peter Oppenheimer argue that the gains are now coming at a slower rate than their European counterparts.