European Fund Managers Turn Defensive

Portfolio managers who have been reducing their exposure to growth-oriented stocks throughout the year have had mixed results

Muna Abu-Habsa 2 July, 2018 | 8:57AM

 

Muna Abu-Habsa: It is still a bumpy ride for European equities, the broad market index MSCI Europe is down just over 1% so far this year although small and mid-cap indices have fared slightly better. After a rough start in Q1, the second quarter saw a very strong bounce back in April and the first half of May, but European equities then retracted on political events in Spain and Italy.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Electricite de France SA10.27 EUR-0.15
Tesco PLC210.49 GBX-0.85

About Author

Muna Abu-Habsa  is a senior investment research analyst at Morningstar

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