Coram's Sullivan returns to Europe on market weakness

VW and Deutsche driven down prices

James Sullivan, investment director at Coram Asset Management, has re-built exposure to European equities as he said "well directed negative sentiment" has provided an opportunity to return to the region and gain exposure to Germany.

Despite the dust still settling from the Volkswagen emissions scandal and Deutsche Bank's record £1.7bn fine, Sullivan's has built up a 6% weighting to Western Europe on the multi-asset Coram Global Opportunities fund, after initially pulling back exposure over the summer. Sullivan has selected two funds - the £539.1m Jupiter European Opportunities trust, managed by Alexander Darwall, and the £306.1m Edinburgh Partners European Investment trust, managed by Dale Robertson, both of which major in German equities. Under the bonnet: Sullivan reveals Coram's convictions at launch The ma...