A Deep Dive into Europe-Focused Mutual Funds in 2016
VGEAX has the second smallest number of assets under management among the 12 funds in this review. Its assets are spread across just 45 holdings.
VEURX’s assets were spread across a staggering 1,265 stocks in September 2016, and it was managing assets worth $16.3 billion.
The industrials sector has taken over consumer staples as the most-invested sector by VEUAX.
UEPIX is invested in all but two sectors: consumer discretionary and real estate.
The financials sector is still the biggest sectoral holding of TEMIX, with industrials coming in a close second.
Consumer discretionary is the most-invested sector by the PRESX, followed by financials. These two sectors combine to form 31% of the portfolio.
The top three sectors invested by PEUGX—financials, healthcare, and consumer staples—have the fund’s assets evenly distributed between them.
The Ivy European Opportunities Fund (IEOAX) notes that it seeks to grow capital by investing “at least 80% of its net assets in the equity securities of European companies.”
Industrials and financials are the top two invested sectors of FHJUX, and each sector commands more than one-fifth of the portfolio.
The Brown Advisory–WMC Strategic European Equity Fund’s (BIAHX) management applies the bottom-up approach to stock selection and intends to hold them for long periods.
The Columbia European Equity Fund (AXEAX) invested in 56 holdings in September 2016, and it was managing $449 million in assets.
The Invesco European Growth Fund’s (AEDAX) assets were invested in 67 holdings in September 2016, and the fund was managing $1.5 billion in assets.
VPMCX counts information technology, healthcare, and industrials as its core invested sectors. These three sectors make up a combined 80% of the portfolio.
The Vanguard Growth Index Fund Investor Shares (VIGRX) is an index fund, which means that it passively tracks an index and is not actively managed.
Information technology, consumer discretionary, and healthcare make up the core holdings of VAFAX. These three make up a combined 77% of the fund’s assets.
Information technology, consumer discretionary, and healthcare form TRBCX’s core. These top three sectors command over one-fifth apiece of total assets.
The sectoral breakdown of SHRAX is unlike any other mutual fund in this review, with healthcare as its biggest holding, commanding 35% of the portfolio.
Information technology, consumer discretionary, and healthcare form the core sectors of OLGAX. These three sectors make up a combined 76% of the portfolio.
Information technology, consumer discretionary, and healthcare sectors form the core of MFEGX, with a combined 73% of the fund’s net assets.
Tech stocks lie at the heart of HCAIX, making up 45% of the portfolio. Consumer discretionary and healthcare are the fund’s other biggest sectors.