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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
I am obviously a masochist, because this is year 33 in this business, and I do European equities, I mean, my God, who wants European equities, John Bennett, director of European equities for Janus Henderson, said.
This year has been tough for European stocks. By the end of November, the STOXX 600 was up 6%, while across the pond, the NASDAQ had clocked a 34% gain, the Dow Jones Industrial Average was up 36% and the S&P 500 was up 12%.
The European stock market has been at a disadvantage to the US during this time period, as it doesn t feature as many of the big stay-at-home winners, such as Peloton (PTON), Zoom (ZM) and Docusign (DOCU), where stock prices have doubled and sometimes tripled.