Europe With an 8% Discount

Article Excerpt

EUROPEAN EQUITY FUND $11.98 (New York symbol EEA; CWA Fund Rating: Conservative) invests mainly in large-capitalization European stocks in the 13 countries that use the Euro currency. This includes 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), SAP (German software), Banca Intesa (Italian bank), Sanofi- Aventis (French pharmaceuticals), Telefonica (Spanish telecom), Hypo Real Estate (German mortgage finance), AXA (French insurance), Vallourec (French steel tube maker) and Pernod Ricard (French wines & spirits). European Equity Fund has an expense ratio of 1.74%. The fund sells for an 8% discount from the current value of its assets. European Equity Fund is a buy. buy…

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