Ignore Political Cacophony and Buy Italian Stocks, Amber Says
- Amber Capital favors Spain, Italy stocks over France, Germany
- U.K.-based fund took part in UniCredit’s capital increase
This article is for subscribers only.
Ignore Italy’s seemingly endless political turmoil and you’ll see the value in Italian stocks, according to Amber Capital UK LLP.
The resignation of former Italian Prime Minister Matteo Renzi as leader of the ruling Democratic Party is blinding investors to attractive bets on the company’s equities market, said Giorgio Martorelli, a portfolio manager who helps oversee about $1.4 billion at the London-based hedge fund.