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Invesco European Growth Fund First Quarter New Buys and Increases

Holly LaFon

Holly LaFon

249 followers
Invesco (IVZ) is an independent global investment management firm having $791.2 billion in assets under management as of Feb. 28, 2014. The Invesco European Growth Fund (Trades, Portfolio) is a $1.6 billion fund whose equities encompass all capitalization growth companies from both developed and emerging markets in the European region. Since its 1997 inception, the fund has returned 11.61% on average annually.

The Invesco European Growth Fund (Trades, Portfolio) has 76 holdings, one of them new, with a 17% quarter-over-quarter turnover.

New Buy

Smith & Nephew Plc (LSE:SN)

Invesco purchased 1,257,453 shares of Smith & New Plc, whose shares cost $9 per share on average in the fourth quarter. The portfolio weighting of the holding is 1.3%.

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Smith & Nephew Plc, together with its subsidiaries, is engaged in developing, manufacturing, marketing and selling medical devices in the sectors of Orthopaedics, Endoscopy and Advanced Wound Management. Smith & Nephew Plc has a market cap of $8.21 billion; its shares were traded at around $9.12 with a P/E ratio of 24.90 and P/S ratio of 3.19. The dividend yield of Smith & Nephew Plc stocks is 1.86%. Smith & Nephew Plc had an annual average earnings growth of 12.50% over the past 10 years. GuruFocus rated Smith & Nephew Plc the business predictability rank of 3-star.

Increases

Carlsberg AS (OCSE:CARL B)

Invesco increased its stake in Carlsberg AS by 125.17%, to 230,826 share in total, a 1.6% portfolio weight. The share price averaged kr560.

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Carlsberg AS is a Danish brewing company. The company produces a range of beers, but its main brand is Carlsberg Beer. Carlsberg AS has a market cap of $82.15 billion; its shares were traded at around $538.50 with a P/E ratio of 19.0 and P/S ratio of 1.22. The dividend yield of Carlsberg AS stocks is 1.07%.

William Hill Plc (LSE:WMH)

Invesco increased its holding in William Hill Plc by 97.28%, holding 2,596,807 shares in total, a 1% portfolio weighting. The share price averaged £3.46 in the first quarter.

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William Hill Plc is engaged in the business of providing a range of sports betting and gaming opportunities. William Hill Plc has a market cap of £2.97 billion; its shares were traded at around £3.46 with a P/E ratio of 13.80 and P/S ratio of 1.97. The dividend yield of William Hill Plc stocks is 3.36%. William Hill Plc had an annual average earnings growth of 10.50% over the past five years.

LM Ericsson Telephone Company (OSTO:ERIC B)

Invesco increased its stake in LM Ericsson Telephone Company by 67.24% to 1,403,288 shares in total, a 1.2% portfolio weighting. The stock price averaged kr81 in the first quarter.

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LM Ericsson Telephone Company was incorporated on Aug. 18, 1918, as a result of a merger between AB LM Ericsson & Co. LM Ericsson Telephone Company has a market cap of kr287.04 billion; its shares were traded at around kr86.85 with a P/E ratio of 21.90 and P/S ratio of 1.23. The dividend yield of LM Ericsson Telephone Company stocks is 2.22%. LM Ericsson Telephone Company had an annual average earnings growth of 5.60% over the past five years.

Haci Omer Sabanci Holdings AS (IST:SAHOL)

Invesco increased its stake in Haci Omer Sabanci Holdings AS by 62% to 6,491,745 shares, a 1.5% portfolio weighting. The share price averaged $8 in the first quarter.

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Haci Omer Sabanci Holding AS operates in banking, energy, cement, retail, insurance, industrial products and other segments like technology, distribution and tourism. Haci Omer Sabanci Holding AS has a market cap of $17.34 billion; its shares were traded at around $8.50 with a P/E ratio of 2.40 and P/S ratio of 1.81. The dividend yield of Haci Omer Sabanci Holding AS stocks is 1.00%. Haci Omer Sabanci Holding AS had an annual average earnings growth of 2.90% over the past five years.

For more stocks of the Invesco European Growth Fund (Trades, Portfolio), go to its portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


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