Five of the Best: Euro stocks overlooked by the market

Neil Veitch, manager of the SVM All Europe SRI fund, has highlighted five firms which he sees as undervalued after the vicious market correction across Europe.

According to Veitch (pictured), the market has failed to recognise the important changes made by these businesses, and the opportunities they can benefit from, following an indiscriminate sell-off. The £8m SVM All Europe Socially Responsible (SRI) retail fund makes ethically responsible investments, but its parameters are not as rigid as other SRI funds, said Veitch, who has run the fund with Hugh Cuthbert since 2006. Although the SVM All Europe SRI fund is relatively small in size, its returns are impressive. It returned 144% against a sector average of 62% over three years, accordin...