Guy and Rambourg find opportunities in volatile eurozone

Volatility and uncertainty in eurozone markets has lead to a flight to quality, but has also thrown u...

Volatility and uncertainty in eurozone markets has lead to a flight to quality, but has also thrown up opportunities for tactical investment, according to Gartmore’s Roger Guy and Guillaume Rambourg. Guy and Rambourg manage the Gartmore European Selected Opportunities fund and the Continental European Sicav. They have been making plays on undervalued companies trading at a discount to their peers, such as telecom firm Telefonica, in the belief that stocks like these will surprise with their upside potential. The catalysts for Telefonica are likely to be a renewed focus on turning around ...