What’s happening in Europe?
Q – Can you give me your general feelings towards European equity funds? I am very disappointed with my returns to date, particularly Dynamic Europe and Fidelity European funds. – S.D.
A – European funds have gone through a very rough year and they are still struggling. Part of the problem has been the decline of the euro, which has exacerbated the poor returns on European stock markets in funds that are not currency-hedged into U.S. or Canadian dollars.