49. Investing in forklift trucks and lawnmowers…
Despite the fact that US/China trade wars have helped push Europe into an industrial recession, there are still plenty of investment opportunities, according to Dean Tenerelli, manager of T. Rowe Price Continental European Equity fund - especially among the mid-caps. From forklift trucks and lawnmowers, to bottle manufacturers, auto suppliers and pharmaceuticals, Dean talks us through some of the stocks in which he has chosen to invest.**Please note that this podcast was recorded prior to the Coronavirus-led stock market falls**
T. Rowe Price Continental European Equity invests in companies of all sizes across Europe, but the manager is careful not to pay too much for their shares. He looks for market leaders that sustain profitability across the market cycle. As well as assessing the strength of a company, the manager looks at the industry itself: the near and long-term outlook, any barriers to entry, and whether the industry is gaining economic market share.
Read more about T. Rowe Price Continental European Equity fund
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