European stocks at 16% off

Article Excerpt

EUROPEAN EQUITY FUND $5.59 (New York symbol EEA; CWA Fund Rating: Conservative) mainly invests in large-capitalization European stocks in the 16 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, Slovakia, Slovenia, Cyprus, Malta and Spain. Geographically, the fund has 38% of its assets in Germany, 23% in France, 17% in Spain, 6% in Switzerland, 5% in the Netherlands, 3% in Italy and 2% in Finland. The fund sells for a 16% discount on the current value of its assets. European Equity Fund is a buy. buy…

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