Allianz's Winkelmann: Some Euro stocks cheap for a reason

Wealth managers considering whether it is the right time to buy back into European equities are starting to take a closer look at European offerings that have been out of the spotlight in recent years.

One such fund is the £30m Allianz Continental European fund, which although relatively small in size, has substantially beaten the sector over one, three and five years. The fund has returned 13.2% over five years, 25.7% over three years and 14.1% over one year, against respective averages of -3.5%, 7.6% and 3.8%, according to Morningstar data to 8 September. Bottom-up approach The portfolio aims to provide long-term capital growth by investing in a diversified set of European companies, with a bias towards large-cap stocks. According to Winkelmann, much of the fund’s success stems fro...