MutualFundWire.com: A Federated PM Favors European Banks
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Thursday, June 30, 2011

A Federated PM Favors European Banks


Today's 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.


Printed from: MFWire.com/story.asp?s=37210

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