Europe has had a number of challenges in recent years when faced with serious threats, whether from Brexit, the pandemic or now the Russia-Ukraine war and its consequences for global energy supplies. Despite these headwinds, Zehrid Osmani, manager of FTF Martin Currie European Unconstrained, remains positive on sentiment in Europe. Zehrid discusses the uncertainty around inflation, but also how the reopening of China has been beneficial to European companies. Zehrid tells us more about a few themes running through the portfolio in robotics, automation, artificial intelligence and the metaverse. We wrap up with the investment case for three holdings: ASML, Ferrari and Moncler.

What’s covered in this episode:

• Uncertainty about inflation and monetary policy in Europe
• Why Europe is already showing signs of stagflation
• How Chinese economic momentum impacts European economies
• The risks posed by higher inflation and increased volatility
• The geopolitical risks impacting Europe
• The drive towards robotics, automation and artificial intelligence
• Opportunities in the Metaverse and quantum computing
• Why companies with dominant market positions are key for an inflationary environment
• The structural growth opportunity in semiconductors …and investing in ASML
• The pricing power of Ferrari
• The growing appeal of Moncler – and the TikTok campaigns attracting billions of views

More about the fund:
FTF Martin Currie European Unconstrained fund is a high conviction portfolio of medium and large European equities, with no constraints on regional or country allocations. Manager Zehrid Osmani takes a long-term approach and he believes that markets undervalue the compounding characteristics of quality growth companies. He aims to identify these companies and hold them for the long term to enable them to generate excess returns with lower risk.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.