European Stocks With an 11% Discount

Article Excerpt

EUROPEAN EQUITY FUND $10.71 (New York symbol EEA; CWA Fund Rating: Conservative) invests mainly in large-capitalization European stocks in the 15 countries that use the Euro currency. These countries are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Cyprus, Malta and Spain. The fund’s top holdings are: AXA (French insurance), Siemens (German industrial conglomerate), Telefonica (Spanish diversified telecommunications services), AXA (French insurance), E.ON (German electric utility), UniCredito Italiano (Italian bank), KBC Group (Belgian banking), Societe Generale (French bank), Banco Bilbao Viscaya (Spanish Bank), Fortum (Finnish electric utility) and Iberdrola (Spanish electrical utility). European Equity Fund sells for an 11% Discount from the current value of its assets. European Equity Fund is a buy. buy…