A Look At Some Top European Equity Funds

Today we are featuring top-performing “European” equity mutual funds, which primarily invest in stocks of companies that are based in Europe.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank European Equity Funds.

3 Solid Samples

Eastern European Equity A (VEEEX) seeks capital appreciation and primarily invests in equity securities of Central and Eastern European companies.

The fund tries to achieve high risk-adjusted returns by focusing on well-managed businesses with consistent operating financial performance that have favorable long-term economic prospects, generate free cash flow, and trade below intrinsic value.

Ucp Chemicals AG, Wiener Privatbank Immobilieninvest AG and NK Rosneft’ OAO are among the top holdings at the fund.

T. Rowe Price European Stock (PRESX) was incepted in February 1990. The investment seeks long-term capital appreciation with current income as a secondary consideration.

The fund invests primarily in small and large European companies. Normally, at least five countries are represented in the portfolio. As of January 2009, its portfolio turnover was 105.90%.

Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (”Strong Buy”) fund. The fund offers dividends and capital gains annually in December.

Metzler/Payden European Emerging Markets (MPYMX) seeks long-term capital appreciation. The fund invests in Europe’s developing economies in the Central and Eastern parts of the continent.

The fund invests in securities that trade and pay dividends in euros and other foreign currencies. It is non-diversified.

Markus Brueck has managed the fund since its inception in December 2002. Brueck has more than 15 years of experience in investment management business. The fund has an expense ratio of 1.47% and has topped the total returns of its benchmark index in the last 3-and 5-year periods.

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