By Adam Lewis Foreign & Colonial Investment Trust manager Jeremy Tigue is targeting Europe for high...
By Adam Lewis Foreign & Colonial Investment Trust manager Jeremy Tigue is targeting Europe for high returns in 2001. The £2.5bn portfolio has some 27% of its assets invested in this market compared with 14% for its global benchmark. "Europe is the exciting area," said Tigue. "The euro is creating bigger companies which are more shareholder friendly and are not dependent on local markets. We have more in stock in Europe because of a strong demand from companies and institutions for the shares. The euro is also reasonably protected against the US and so far our strategy has worked for us...
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