Top European Equity Funds – Mutual Fund Commentary
Zacks Market Commentaries (November 20th, 2009) Writes:
Today we are featuring top-performing "European" equity mutual funds, which primarily invest in equity securities of companies based in Europe.
Investors can find such funds by checking out the entire list of Zacks #1 Rank European Equity Funds.
3 Solid Samples
ING European Real Estate Fund A (IAERX) seeks to provide investors with high total return, consisting of capital appreciation and current income. It was incepted in November 2007.
The fund normally invests at least 80% of net assets in a portfolio of equity securities of real estate companies located in Europe. The fund may invest in convertible securities, initial public offering and depositary receipts.
The fund has an expense ratio of 1.75%. As of July 2009, it has a portfolio turnover of 166%.
Steven D. Burton has been lead manager of the fund since November 2007. Burton is a managing director at ING and has 24 years investment experience.
T. Rowe Price European Stock
...DFA Continental Small Company, Eastern Europe, Europe, former Soviet Union, Ing, Investing Lessons, Karen E. Umland, lead manager, manager of the fund, Managing Director, Mediterranean, Middle East, North Africa, Rank European Equity Funds;, Real Estate, S. Leigh Robertson, Soviet Union, Steven D. Burton, Stocks to Watch, T. Rowe Price, T. Rowe Price Group;, USD, Vice President, Zacks Market Commentaries


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Kuwait-based Abyaar Real Estate Development Company (Abyaar), which develops and manages properties in the UAE and in Dubai in particular, recently announced a net profit for the first nine months of 2009 of KD5 million ($17.5 million) and an EPS of 6.90 fils (a subdivision of currency used in many Arab countries, where KD1 roughly equals 1000 fils). Per its chairman, Hesham Abdul Wahab Al Obeid, the firm reduced financing debt during the period by 30%, down to KD 77 million, compared to KD108 million during the same period of 2008. Owners’ equity also increased, up to KD146 million.


