Anti-Euro Le Pen’s Gain Spooks Overseas French Investors
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Pierre Mouton, a fund manager at Notz Stucki & Cie. in Geneva, looks at the rise of anti-European, anti-austerity parties across the border in France with concern. It may keep him out of the country’s stock market.
“We’re cautious on French stocks,” Mouton, whose firm manages $7.5 billion and has been reducing its holdings in France, said in an interview. “If the new president breaks under pressure from these groups, stocks will suffer. We prefer not to take that risk.”