Well… they did it. British voters opted to leave the European Union, and in the process sent the financial markets into a tailspin. But the biggest victim here would appear to be the British pound. The night of the Brexit, the pound was down 12% vs. the dollar, and while it has rebounded modestly it’s still under pressure.
Invesco European Growth Fund (Trades, Portfolio) added to more than four dozen holdings in its portfolio in the quarter ended April 30, and investment and financial services companies were among the fund’s leading acquisitions.
Invesco raised its position in Roche Holding AG (XSWX:ROG), a Swiss pharmaceutical company, by nearly 42% with the purchase of 42,792 shares for an average price of CHF247.71 ($253.15 in U.S. currency) per share. The deal had a 0.74% impact on Invesco’s portfolio.
1.Nearly one-third of the time, equity market momentum can be misleading in predicting future dividend growth.
2.When investors rely solely on historical price returns to inform their future investment opportunities, they are at risk of allowing random price fluctuations to drive perceptions, going to cash too late and staying in cash too long. Broadening decision-making inputs to include economic data can improve forecasting ability.
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC.
Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.