Wall Street Journal Fund Track column
turns the spotlight on Richard Winkowski
, co-PM of the Federated International Leaders Fund [see profile]
. The reason: his embrace of European banking stocks.
"Yes, he is aware banks are out of style, but he is buying the shares anyway, confident that the market's fears over Greece and other European nations are overblown,"
writes Dow Jones' David Benoit in the column.
HSBC Holdings is the fund's top holding, followed by Credit Suisse and BNP Paribas. The fund also invests in other sectors. The fourth- and fifth-largest
holdings are Damiler and Adecco.
Aside from Winkowski, Benoit also interviewed Lipper
analyst Matthew Lemieux
for the article.
Armie Margaret Lee
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