Neil Wilkinson Manager of the Royal London European Growth fund Spanish equities I have had holdings in Spanish equities throughout the crisis and remain invested there today. During the last year I have avoided the banking sector, as I am concerned that adequate provisions have yet to be taken for losses in the corporate sector. Despite this, I have found several excellent investment opportunities where companies’ valuations were being unfairly penalised in my opinion due to their Spanish listing. For example, last year I owned a position in Grifols, a healthcare business that...
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