The Legg Mason Investors European fund has 15% of its portfolio invested in countries that will bene...
The Legg Mason Investors European fund has 15% of its portfolio invested in countries that will benefit from European Union convergence. Manager Kieran Gallagher said these areas present exciting opportunities amid otherwise lacklustre performance from the continent. Currently, 10% of the fund managed by Gallagher, is invested in companies from countries to be included in the first wave of EU accession in May, 2004, such as Poland, Hungary and the Czech Republic. A further 5% of the portfolio is invested in companies in applicant countries such as Croatia, Bulgaria, Romania and Turke...
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