Over the next five years or so, the volume of European corporate bonds is expected to double, and that of equities to triple as governments cut public-pension provisions, and investors seek higher returns.
Poulter, who missed the cut after a triple bogey at the last, said: "Merry Christmas and a Happy New Year, " when asked to comment about his miserable day.
European stocks closed slightly lower in a choppy session marked by mixed economic data and after Moody's Investors Service downgraded a number of European sovereign-debt ratings, including Spain, Italy and Portugal, and cut its outlook on triple-A-rated France, the U.K. and Austria.