The Kennox Strategic Value managers have been foraging for stocks left behind after last year's market rallies, searching for opportunities across Europe.
Kennox co-manager Charles Heenan has been buying French and Danish stocks after admitting he was finding the fewest opportunities in the fund's history elsewhere. Heenan (pictured) has moved some of the £260m Kennox Strategic Value fund in to smaller companies including French television producer M6-Metropole Television. The stock was "very, very inexpensive" even though it offers a 10% dividend yield, the manager said. "The company is in France, and for a while France was under pressure. Also, the big stories at the moment are Twitter and Facebook, not old school media," Heenan ex...
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