Europe with a 6% discount

Article Excerpt

EUROPEAN EQUITY FUND $13.30 (New York symbol EEA; CWA Fund Rating: Conservative) invests mainly in large-capitalization European stocks in the 13 countries that use the Euro currency. These countries are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia and Spain. The fund’s top holdings are: Societe Generale (French bank), Compagnie de Saint Gobain (French building products), KBC Group (Belgian banking), Banca Intesa (Italian bank), Sanofi- Aventis (French pharmaceuticals), Telefonica (Spanish telecom), Hypo Real Estate (German mortgage finance), AXA (French insurance), Siemens (German conglomerate) and Pernod Ricard (French wines & spirits). European Equity Fund sells for a 6% discount from the current value of its assets. European Equity Fund is a buy. buy…