Offshore funds investing in continental European equities have demonstrated greatly improved perform...
Offshore funds investing in continental European equities have demonstrated greatly improved performance recently. According to a recent report from Standard & Poor's Micropal, after falling a disappointing 3.6% over 12 months in dollar terms the 43 funds tracked by Micropal generated a positive 2.3% during the six months to 14 June. The best performance came from the $19m Henderson HF European fund with a return of 18.5%. It has been managed for the last two years by John Botham. He said: "The fund performed well this year because it was overweight cyclicals stocks including oil stocks...
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