Manager Buys Global Winners

RBC European Equity’s Dominic Wallington focuses on global ‘number ones’ with a long history of success.

Jade Hemeon 16 September, 2021 | 1:50AM
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Europe on map

It’s been a good year for European equities, as uptake of the coronavirus vaccine and reopening of economies have pushed markets to new highs.

The silver-rated RBC European Equity Class F delivered a respectable performance for the year-to-date as of Aug. 31, 2021, with a gain of 15.8%. Longer term performance has also been healthy with the fund showing an average annual compounded gain of 11.4% for the three years ended Aug. 31, beating both Morningstar’s European Equity category and the relevant benchmark index. The fund delivered an average annual return of 9.2% for the five-year period, slightly beating its category but lagging its benchmark.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Diageo PLC49.72 USD0.00
LVMH Moet Hennessy Louis Vuitton SE668.00 EUR0.00
RBC European Equity Fund F30.92 CAD0.62Rating
Schneider Electric Infrastructure Ltd119.75 INR0.00
Unilever PLC52.90 USD0.00

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Jade Hemeon

Jade Hemeon  

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