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Fleming Family European opportunities fund up 12.1 per cent

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The Fleming Family and Partners Capital Management European Opportunities Fund leads the absolute return European equities sector, returning 12.1 per cent year-to-date.



This represents nearly double the returns of its closest peer, Carmignac Market Neutral.

Julian Rogers-Coltman, chief executive and head of risk of Fleming Family and Partners Capital Management, believes that core Europe is the place to be right now, with most of the market negatives on the shelf at the moment.

However, he sees further sovereign debt concerns in peripheral Europe, with continued devaluation of the dollar, leading to a potential trade war with China. He expects emerging countries to grow and help companies exporting to them, but sees volatility continuing as weaker European countries deteriorate.

Corporates will continue to accumulate cash as profits grow steadily, and it is likely that M&A activity will increase as banks become more confident about lending, putting a floor under markets.
 
FCM European Opportunities Fund was launched on 15 October 2007 and since January 2009 has been an Irish-domiciled Ucits III fund. With a predominant focus on Western, Central and Eastern Europe, its objective is to produce high risk-adjusted returns from pan-European equity markets.

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