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Securities Trust: don't write off Europe

Alan Porter, manager of the Securities Trust of Scotland investment trust, reveals the two European stocks he has bought this year.

Securities Trust: don't write off Europe

Alan Porter, manager of Securities Trust of Scotland, a 'high conviction' global investment trust, explains why he has bought two European stocks this year, despite his overall 'neutral' position on risk.

Although Porter has become more optimistic about the global economy, he recognises the threats that remain from the eurozone debt crisis and the US budget deadlock.

Nevertheless, he says it is too easy for investors to dismiss Europe as it struggles with recession and copes with the aftermath of the Cyprus bailout.

In this video interview with he explains why French bank BNP Paribas and Swedish broadcaster Modern Times have attracted his attention this year.

Over three years to December Securities Trust's investments have grown in value by 46.6%, while the FTSE World Index has risen 26.4%.

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