Please forward this error screen to sharedip-greek economic crisis. Some top investors think companies based in Europe’s stronger economies offer the best opportunities for growth today. As Greece headed towards default on its IMF loans on Tuesday, protesters waved flags in Athens. But some money managers think this is short-term noise that is obscuring a broader, longer term improvement in the continent’s economy, and creating buying opportunities in European stocks whose underlying businesses are strong enough to be Grexit-proof.
Until recently, the endless brinkmanship over Greece’s bailout had been a factor chasing Scott Berg, manager of T. 3 billion Global Growth Stock strategy, away from European stocks—a contentious call for a globe-trotting investor who spends at least a week each month doing due diligence in Europe. But late last year, Berg started seeing encouraging signs across the pond. Tuesday, even as European markets reeled. It’s still on the ugly side, but it’s not as ugly as it was. One of the biggest side effects of Europe’s new monetary policy—an even weaker euro—is boosting revenue for many companies by making their exports more competitive. And at a time when U.
Europe looked inexpensive even before the Athens-induced slide. Still, there’s good reason for American investors to be wary. European stocks have not risen as fast as the euro has fallen against the dollar, effectively washing out many U. But bulls argue that the currency gap benefits anyone with a long-term investing horizon. Rowe Price, are confronting currency risk by hedging their portfolios. 14 billion in new money since the start of the year, through June 26. But venturing into Europe’s troubled periphery has rewarded him with other gems.
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