Europe remains in favour despite lack lustre performance from a number of funds in the sector over ...
Europe remains in favour despite lack lustre performance from a number of funds in the sector over the past quarter to 1 July. Both Rothschild Asset Management and Friends Ivory and Sime are overweight Europe, despite the unexciting short-term performance in a number of funds, relative to the FTSE Europe ex UK and MSCI Europe ex UK indices. Robert Burdett, fund manager at Rothschild, said many of the favourite European funds suffered over the last quarter. Most funds were overweight telecoms, which suffered because of concerns over the second generation mobile licences, while underwe...
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