Topic: How To Invest


IVY EUROPEAN FUND $11.87 (CWA Rating: Aggressive) holds mostly good-quality stocks. The fund has outperformed the longer-term benchmark Morgan Stanley index.

Even so, we don’t see any reason to hold a mutual fund that focuses on Europe. If you want European exposure, consider the Ivy Foreign Equity Fund (see above), or the closed-end EUROPEAN EQUITY FUND $5.59. The European Equity Fund sells for a 16% discount on the current value of its assets. The fund is a buy.

Ivy European Fund is a sell.

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