Nicolas Walewski, manager of the Alken European Opportunities fund, analyses the prospects for Europe's auto sector, which has been one of the poorest performers in Europe this year.
Believes in rebound in technology spending
While the auto sector has been declining for a number of years, car suppliers are beginning to benefit from global consolidation, says Nicolas Walewski, manager of Alken Asset Management's European Opportunities and Absolute Return Europe funds
Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.
Equity boutique Alken Asset Management is to lift soft closure restrictions on two European funds next month.
European equities look attractive on valuations grounds and Alken Asset Management's Nicolas Walewski has been hunting for undervalued stocks with high potential returns.
Alken Asset Management has soft-closed Nicholas Walewski's Absolute Return Europe fund after the strategy experienced significant inflows.
Alken's Absolute Return Europe fund has seen inflows of nearly £700m since the start of the year as investors piled into absolute return products.