BMO European manager capitalizes on fear factor

David Moss says he's picked up post-Brexit bargains.

Diana Cawfield 20 October, 2016 | 5:00PM

Britain's June 23 vote to leave the European Union created "wonderful opportunities" for bargain-hunting, says portfolio manager David Moss, who oversees BMO European.

"Some stocks got clearly oversold, caught in that sort of fear factor," says Moss, who is based in London and is the head of European equities at BMO Global Asset Management (EMEA). "We invested in a couple of businesses that we'd been watching and took advantage of the market weakness."

Post-Brexit, Moss and his team added companies to the portfolio that met BMO's strategy of investing in quality businesses with attractive growth characteristics and reasonable valuations.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Allianz SE ADR  
Barclays PLC ADR9.27 USD-0.54
Deutsche Bank AG10.24 USD-4.03
DNB ASA18.94 USD-2.17
GlaxoSmithKline PLC ADR43.08 USD0.75
Kingspan Group PLC ADR66.90 USD3.40
The Royal Bank of Scotland Group PLC ADR5.29 USD-1.31

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.