Herro: Don't Bail on Europe

Are the latest troubles in Europe a reason to ditch European stocks? Top fund manager David Herro says no. In an interview with CNBC (via Yahoo Finance), Herro says that many investors who are ditching European stocks are making the mistake of not realizing that many European firms get a good deal of their business outside of Europe, like in emerging markets where growth is strong. He says he’s high on three main areas of the European market right now: financials, staples, and luxury  goods. Herro also days he thinks the European auto market is bottoming.

Screen shot 2013-10-01 at 12.09.57 PM