What Have Fund Managers Been Buying?

April 2021: Our monthly delve into fund portfolios looks at which stocks Europe's most highly rated managers have been buying

Fernando Luque 29 April, 2021 | 11:17AM
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There have been some changes to our fund lists in this monthly review. Firstly, two funds that had a "blend" style last month have moved to the "growth" side, perhaps indicating that the relative underperformance of the growth style versus the value style has pushed the managers of these funds to look for opportunities in this area of the market. These two funds are the M&G Pan European Select and the TM CRUX European Special Situations.

We have also seen the MFS European Research move from growth to blend. Finally, it is worth noting that at the beginning of the month the Invesco Pan European Structured Equity Fund changed its name to Invesco Sustainable Pan European Structured Equity. It also changed its investment objective as the fund takes a defensive multi-factor approach to stock selection, but we have not changed our view on the fund.

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What Have Fund Managers Been Buying?

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Fernando Luque

Fernando Luque  is Senior Financial Editor at Morningstar Spain