The value of investments and any income from them can fall and you may get back less than you invested.

Banking on European Equities – GAM


Following on from the most recent Podcast, where we discussed the merits of the US banking sector, in this edition we tackle the same areas within Europe with our guest speaker Hans Ulrich, the lead manager of the GAM Euroland Value fund. Before specifically discussing the banking sector, however, Hans provides his view on whether the pace of the European recovery has already passed it nadir and, therefore, where it might be heading? Also, up for debate are the merits of individual companies such as Deutsche Bank, but also names from other cyclical parts of the market, such as ArcelorMittal.

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The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

Ben Gutteridge

Head of Fund Research