Undervalued domestic Europe spurs JOHIM's offshore European portfolio

Kelton explains his investment process and where he is finding contrarian stock ideas in the eurozone.

With many investors moving their focus away from the US where valuations are at record highs, wealth managers and asset allocators are now looking more closely at alternatives such as Europe. European equities, like a number of other IMA sectors, have a few standout funds to which most investors flock, from houses such as BlackRock, Fidelity, and Jupiter. However, while some of those names have struggled over the last few years, one offshore fund is standing out from the crowd. The €344m Waverton European fund – domiciled in Ireland and run by JO Hambro Investment Management’s Oliv...