european equities

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Low equity prices in Europe are deceptive and could spell problems for unwary investors, according to Gregory Kolb, manager of Janus Capital's Perkins Global Value Fund.

Nigel Bolton, head of the BlackRock European equity team, has picked his winners from among Europe's unloved sectors as equity valuations fall to '100-year lows'.

Jupiter's Gregory Herbert has been promoted to manage the group's European Income fund, taking over from Cédric de Fonclare.

Investec is to merge away its European fund due to its small size.

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Argonaut's Barry Norris has said he will never invest in a gold stock again, after selling out of his stake in Swedish-listed company Nordic Mines at a 75% loss.

Henderson's Richard Pease expects improving economic indicators, combined with hedge funds putting their cash back to work in equities, will lift European markets towards the end of the year.

Equity fund flows surged to €1.91bn in September, the first positive monthly figure since February, Morningstar's latest European fund flows data has shown.