Ian Ormiston, manager of the Ignis European Growth and European Smaller Companies funds, picks his five stocks to withstand the turmoil in European markets.
1. Anheuser-Busch Inbev A leading global brewer that is a mix of strong emerging market growth and rationalisation of acquisitions. The 2008 acquisition of Anheuser Busch brought the biggest global beer brand in the form of Budweiser and a huge cost base that has yielded substantial savings. The company is rapidly paying down debt and considering its quality and value creation it is reasonable value on 12.5x 2012 earnings. 2. Royal Dutch Shell The company has recovered from the reserves scandal early last decade as a leaner, fitter organisation. One of its key attractions in the comi...
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