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European Stocks
Dian
Posted: 04 March 2017 08:40:59(UTC)
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Few years back many didn’t expect great return from European markets. Since 2007, the EU has experienced a deteriorating economic situation. But their stock markets had a boom. Intelligent investors were ahead of others when they picked European stocks.Economists feared a lost decade of high unemployment, low economic growth and deteriorating social conditions. Despite weak currency foreign investors made above average capital gain from European markets during last couple of years. In some period, European markets outperformed the other markets as well. They did it while having their own domestic political and economic issues. Well done Europe!

Is there still some opportunity in European Markets?
TJL
Posted: 04 March 2017 09:42:20(UTC)
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I have funds to invest having recently converted cash isa money, and topping-up TRG is one of the options I am considering.

I also hold JEO, which hasn't been doing so well of late, but I will stick with it.
Sara G
Posted: 04 March 2017 09:43:13(UTC)
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I think Europe offers reasonable value at the moment and this is likely to be boosted by volatility around various elections. I'm topping up my Tracker fund via regular contributions since it's impossible to predict what the outcomes will be or how markets will react.

According to Moneyweek the smart money is going for European smaller companies - especially French ones. MTE (Montanaro European Smaller Companies) is on a higher than average 17%+ discount at the moment - may be worth a look.
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Micawber
Posted: 04 March 2017 10:36:41(UTC)
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Our TRG is doing well this year, JESC reasonably. EUDV a modest 3% or so.

For those aiming off the consistently negative view of Europe emanating from the UK right wing media, Europe is looking quite good and we are likely to increase our allocation to it during the first half of this year.

For those who follow TR Property IT, I note that three quarters of its current pf is on the continent.
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CUEBALL on 04/03/2017(UTC), Sara G on 04/03/2017(UTC), markus on 04/03/2017(UTC), Chris Ould on 04/03/2017(UTC), Dian on 29/04/2017(UTC), c brown on 01/05/2017(UTC)
Dian
Posted: 29 April 2017 08:18:20(UTC)
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JPMorgan European Smaller Cos Trust PLC (LON: JESC)

I don’t think this will pass life time high but it may pass its 52 week high and has given decent return during past 12 months.

Following stocks also may break their 52 week high.

BNP Paribas SA(EPA:BNP)
Credit Agricole SA (CRARY)
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Will Morris
Posted: 29 April 2017 21:07:20(UTC)
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Interesting thread. I've been looking at Europe as I'm underweight at the moment and think there may be an opportunity arising (I also read the Moneyweek article that Sara mentioned). I like the look of the JP Morgan smaller company IT (at least its discount, but not the charges so much) but have been also looking at the Henderson European Selected Opportunities fund which has performed well (albeit it's a large cap fund).
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Dian on 30/04/2017(UTC)
King Lodos
Posted: 29 April 2017 21:54:30(UTC)
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I bought Henderson Europe Smaller Companies a week back – first 100% European equities fund I've bought in maybe 2 years.

PEG ratios around 0.5 and strong momentum .. Lot of scope for political risk – got to dodge Le Pen (although I think she's perhaps what France needs at the moment), and Italian elections.

I think things look a little better for Europe now, and a little worse for the UK.
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Dian
Posted: 30 April 2017 01:49:04(UTC)
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Quote:
Will Morris wrote: have been also looking at the Henderson European Selected Opportunities fund which has performed well (albeit it's a large cap fund
).
Quote:

King Lodos wrote: I bought Henderson Europe Smaller Companies a week back


Above two also may pass their 52 week high if we analyse their momentum and behaviour or personality and so on.UK market also should give some return for selected stocks and funds.
King Lodos
Posted: 30 April 2017 05:46:25(UTC)
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I'm not sure of the turnover on these funds, but quite often with Small-Caps (and with indexes) you'll have a higher turnover as stocks reach a certain size.

So you could have half the fund on new highs, but at the same time the fund could be buying lots of stocks on new lows .. The trend's still useful, because it tells you whether the investing style's in favour – but I'd be looking at simple momentum rather than highs or supports, which could be quite skewed by turnover.
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gillyann on 30/04/2017(UTC)
chazza
Posted: 01 May 2017 09:56:51(UTC)
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Since I have more confidence in Europe than in the UK during and after the Brexit process, I am continuing to increase my European holdings, most recently buying TRG and Marlborough Multi Cap. But what to buy now?
JEO has recovered strongly and now stands at a discount of only 3%, it’s not a pure-Europe trust (unlike Jupiter European fund, which has same manager and many stocks in common). It is the most highly geared IT in the sector (116%), which speaks highly of the manager’s optimism but increases the level of risk.
HEFT is ungeared but at a 2% premium, so looks expensive.
Funds apart (need to look more closely there) my interest is now focused on:
TRG - 11% discount , gearing 108%
JETI - 11% discount but geared 114%
JESC – 12% discount, gearing 110%
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Micawber
Posted: 01 May 2017 13:05:19(UTC)
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We're holding JESC and TRG and have lately increased in the EUDV ETF.

I'm inclined to increase in TRG which has been doing very well; and I like the approach of manager Ollie Beckett.

Other holdings have a strong European component e.g. TRY (which has reinvested in some UK REITs recently but still has over 50% in continental EU property).

Anyone got views on the Amundi ETF Leveraged Euro Stoxx 50 ?
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