Isis fund manager believes businesses are beginning to show value after being hit by downturn
Davina Curling, manager of the Isis European and European Prime funds, is increasing her exposure to Germany after a long period of underweighting the region. Germany was the worst-performing European country in 2002, halving in value in absolute terms, she said. But now, on a stock selection basis, Curling has found businesses that are beginning to show some value after being hit hard during the downturn. These are companies for which she sees limited downside going forwards. She said: 'There comes a stage when you need to close out a very negative bet as there becomes a risk ...
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