In the past five years, the fund has beaten over 95% of its peers and won awards for outperformance.
The portfolio manager shares the strategy that s helped him as well as three top stock picks.
To be a leading European stock picker, is it essential that you live in Europe? Not necessarily.
Stephen Kusmierczak is based in Chicago, and over the past year his small-cap and mid-cap Columbia Acorn European Fund returned 71% to investors, while also making it onto Insider s 2020 list of top European fund managers.
In the longer term, the fund earned a 2021 Lipper Fund Award for outperformance over a five-year period relative to peers, and, according to Morningstar, Kusmierczak crushed 95% of his peers over the past five years.
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European equity markets are still struggling to break even in 2020, despite a stellar 4th-quarter, but a set of star fund managers are delivering handsome returns to their clients, by hand-picking the most resilient, and most promising stocks for their portfolios.
Business Insider spoke to the five top-performing European fund managers of the year, to find out how they built their portfolios to weather the stormy trading of 2020 and how they re preparing for 2021.
Europe has endured more than its fair share of economic or financial crises in the last 10 years. Whether it was the global financial crisis that brought down banks, and threatened entire governments with bankruptcy in 2008, or the eurozone sovereign debt crisis that started in 2010 and raged for another two years, or now with the coronavirus crisis, European investors have a lot of ex