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Ivy European Fund $11.72

IVY EUROPEAN FUND $11.72 (CWA Rating: Aggressive) holds mostly good quality stocks, although it has underperformed the benchmark Morgan Stanley indexes.

We don’t see any reason to hold a mutual fund that concentrates in Europe. If you want European exposure, consider Ivy Foreign Equity Fund, or the closed-end European Equity Fund. Ivy European Fund is a sell.

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