The shift to global stocks, which was mirrored in Europe, was a stark departure from investors' preference for bonds in late 2012.
Institutional Investor Magazine
August 8, 2013
By Robert Stowe England
As part of its move into international equities, from the beginning of the crisis in 2008 Artisan Partners purchased shares in European multinationals with attractive growth prospects in developing nations. The $85 billion San Francisco–based investment manager acquired shares in such companies as Unilever, an Anglo-Dutch consumer products maker, and Anheuser-Busch InBev, a Brazilian-owned brewer based in Leuven, Belgium.
"A lot of great franchises were priced for global economic meltdown" despite the fact "they have products that people are going to consume regardless of what happens in any global scenario," says Andrew Euretig, portfolio manager for global equity strategy.
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