Good investments are still possible in the right sectors in Europe, according to Threadneedle European Select Fund.
Even during the economic downturn, which has affected Europe, the fund has outperformed its benchmark index by 12.6 per cent.
David Dudding, fund manager for Threadneedle, has increased holdings in sectors that are defensive, such as consumer staples and healthcare, but also invests in companies which will provide a long-term return.
Nestle is the largest holding in the fund, and Mr Dudding explains that it is typical of the kind of company that he looks for.
He says: "The business is highly geographically diversified and has good exposure to the growing theme of health awareness. It also has a very strong balance sheet, with an AA+ credit rating ."
Nestle recently announced a profit jump of 69 per cent, with sales growing 2.2 per cent and a dividend increase of 15 per cent.
Investing opportunities remain in Europe
Investing opportunities remain in Europe
Tue, 10 Mar 2009
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