Deutsche Europe's stock pick focus

By Robert Stock European manufacturing has become an identifiable theme in the smaller companies market, according to Marco Ricci, manager of Deutsche Asset Management's £96.4m Europa Fund. This is being played in niche manufacturing industries, in which European innovation and technology are aiding their ability to compete. It is, however, only one of many themes in a very broad-based European small cap market in which no one sector is significantly driving performance, making stockpicking the only way to outperform, he said. Volatility remains high and Ricci, who typically runs a po...