Credit Lyonnais is favouring European investment trusts as it sees short term market fears creating ...
Credit Lyonnais is favouring European investment trusts as it sees short term market fears creating pricing anomalies. Peter Walls, investment trust analyst at Credit Lyonnais, said: "Short term concerns over inflation, German objections to Vodafone taking over Mannesmann, and the sharp spike in the oil price are all stalling Europe's advance and creating buying opportunities. On a long term view European companies look set to continue to perform strongly in both relative and absolute terms. European investment trust managers have excellent track records in this field over short, medium an...
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