CFS profits from undervalued stocks

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By Simon Falush A strong 1999 boosted the overall three year returns in the European ex UK sector...

By Simon Falush A strong 1999 boosted the overall three year returns in the European ex UK sector, with the average fund returning 41% to the end of February 2001. Colonial First State European Smaller Companies fund came top of the sector with a 98.85% rise over the three year period. It underperformed for the year ending February 1999 but has outperformed the rest of the market since then. The biggest margin above average was during the investment period of 1999 to 2000 where it achieved 92.38% growth compared to a sector average of 40.15%. Fund manager Jimmy Burns attributes t...

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