European Stocks at 11% Off Net Asset Value

Article Excerpt

EUROPEAN EQUITY FUND $5.46 (New York symbol EEA; CWA Fund Rating: Conservative) invests mainly in large-capitalization European stocks in the 15 countries that use the Euro currency. It may invest up to 20% of its assets in countries that do not use the Euro currency. The countries that use the Euro currency are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Cyprus, Malta and Spain. Geographically, the fund now has 32% of its assets in Germany, 22% in France, 13% in Spain, 8% in Italy, 6% in the Netherlands, 5% in Swizerland and 3% in Finland. The Euro rose 18.3% against the Canadian dollar last year, although it’s down 7.7% so far this year. European Equity Fund sells for an 11% discount from the current value of its assets. European Equity Fund is a buy. buy…

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