Bets on Old Economy Stocks Lift European Fund Above Its Peers
==========

Daniel Avigad, manager of Lansdowne Partners' $2.6 billion long-only European equity strategy, has outperformed the benchmark index by betting on old-economy stocks such as industrials and electrical engineering. The TM Lansdowne European Special Situations Fund has gained nearly 14% in the past year, beating the MSCI Europe Net Total Return Index. Avigad has stayed away from Europe's luxury and consumer-related stocks and focuses on identifying cash generative business models that can return money and grow. The fund's top holdings include Schneider Electric, Vinci, and Michelin.

#EuropeanFund #EquityStrategy #OldeconomyStocks #Industrials #ElectricalEngineering #BenchmarkIndex #Outperformance #CashGenerativeBusinessModels #LuxuryStocks #ConsumerrelatedStocks #SchneiderElectric #Vinci #Michelin

https://www.bloomberg.com/news/articles/2024-04-23/bets-on-old-economy-stocks-lift-european-fund-above-its-peers