Euro-Area Fund Beating 99% of Peers Says Autos Are the New Banks
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000European auto stocks are primed for outperformance after years of lagging, according to a market-beating investor who’s selling long-time winners in the banking sector.Divas Asset Management AG’s Eurozone Value fund has raised its autos holdings to about a quarter of the fund now, up from about 15% a year ago, according to manager Hansueli Jost. The 64-year-old said he’s been underweight on banks since September, for the first time in 17 years.