Threadneedle European Select

An equity fund investing predominately in large cap European companies with a bias towards those companies who have strong brands and intellectual property.

The fund is run in an unconstrained manner and provides exposure to a diverse range of European countries and sectors. The portfolio will generally hold between 45 and 65 stocks dependent on the opportunity set. David seeks companies that have robust business and financial models and management teams that can deliver on their business objectives. He has a bias towards large cap stocks and companies that have strong brands and intellectual property, such as patents.

David is an advocate of using ‘Porters Five Forces’ as a way to assess the quality of a business and their competitive edge. Portfolio construction is driven purely by stock selection, paying little or no regard to the benchmark.

We like this fund as it is run by a manager who has a strong background in managing European equities, who uses a focused and repeatable investment process with its foundations built around ‘Porters Five Forces’. The manager over his career has demonstrated an ability to protect capital in down markets, due to the more defensive nature of the stocks he invests in.

Fund type UK OEIC
Asset class Equities
Sector Europe
Managed by David Dudding & & Benjamin Moore
This fund is not currently listed in our model portfolios

Manager Profile

David Dudding (left) joined the company as an equity research analyst in 1999 and is currently a portfolio manager within the European equities team. He manages the Threadneedle European Select Fund and the Threadneedle (Lux) Global Focus fund. David previously worked for John Swire and Sons in Hong Kong and for Investors Chronicle as a financial journalist. He holds a Modern History degree and a European Politics Masters degree from Oxford University. He also holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK.

Benjamin (right) joined the European equities team in 2015 as an equity analyst, where he was responsible for researching small cap European companies. In this role, he was also deputy portfolio manager of the Threadneedle European Smaller Companies strategy. Before joining the company, Benjamin spent six years with Goldman Sachs, where he worked as an equity research analyst within the European mid cap team covering companies across a range of industry sectors. Benjamin holds an MA in History of Art from Cambridge University and studied Music at the University of the Arts, Berlin. He also holds the Chartered Financial Analyst designation.

Fund performance

Threadneedle Inv Services Ltd

Threadneedle was founded in 1994, and is a global asset manager with a strong reputation in developed and emerging market equities, fixed income, commodities, UK property and multi-asset solutions. They offer a diverse choice of actively managed investment strategies. They are an active investment management business and devote significant resources to original research, supported by 450 investment professionals with an average of over 16 years’ investment experience and seven years’ tenure. Together Threadneedle and Columbia Management form Ameriprise’s Global Asset Management business, managing US$469 billion (as of September 2019).