Today we are featuring top-performing "European" equity mutual funds, which primarily invest in equity securities of companies based in Europe because emerging markets in Eastern Europe and the Mediterranean remain strong due to large foreign direct investment and high commodity prices. Developed markets are also on the verge of recovering from the financial crisis. P> Investors can find such European funds by checking out the entire list of the Zacks #1 Rank European Equity Funds.

4 Top European Picks

Fidelity Nordic (FNORX) was incepted in November 1995. This European fund seeks seek long term capital growth.

At least 80% of this European fund’s assets are invested in Danish, Finnish, Norwegian, and Swedish issuers as well as investments tied economically to the Nordic region. It primarily invests in common stocks and places up to 35% of its total assets in any sector that accounts for more than 20% of the

...

Turkcell arranges partial funding for 3G investments Turkey’s largest mobile phone operator, Turkcell (TKC), has executed a loan agreement for $285 million to part finance its investments of $750 million in second- and third-generation network related expenditures. The procurement will be made from Ericsson AB and Ericsson Telekomünikasyon A.Ş. The financing is being provided by Calyon Credit Agricole Bank and Nordea Bank with partial or total guarantee of Swedish Export Credits Guarantee Board and assurance from the Swedish Export Credit Corporation. The loan is unsecured and carries an interest of 4%-4.25% per annum. The maturity period is five years and interest is payable semiannually. On November 28th, 2008, Turkcell was been granted a the A Type license providing the widest frequency band, for a consideration of €358 million, excluding VAT, following the 3G tender for the issue of the four separate licenses by the Information ...