Europe: The challenge of finding the best prospects in a diverging union

The investment approach of five managers

Five European managers discuss their investment approach to a 'dysfunctional' European Union, while revealing the key stocks that have performed well for their funds this year

Mark Page, manager, Artemis European Opportunities fund Where are you finding the best value in European equities? What are your biggest overweight and underweight positions? Bottom-up stock selection is at the core of our approach. Using conservative forecasts, we base our investment (and divestment) decisions on our estimate of the five-year forward return of a stock.  That stockpicking approach does, however, translate into a number of sector biases. At present, those include a bias towards healthcare and away from banks. Banking profitability is severely impaired by low intere...