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SYZ AM's AA-rated Clements: how to play pan-Euro industrials

Finding ways to play pan-European non-residential construction is a great way to be exposed to the industrials sector.

That is according to SYZ AM’s head of European equities Mike Clements, who has 23.4% of the OYSTER Continental European Selection fund allocated to the industrials space.

Citywire AA-rated Clements said the fund’s industrial exposure has paid off, as the market is now starting to improve around the economic indicators, such as new builds and construction data.

Elsewhere, Clements reveals how a more contrarian stance on the consumer discretionary sector has also benefited him and why buying out-of-favour businesses has helped the fund achieve good returns on equity.

Clements also reveals his plays on the Italian banking system, which compares with former SYZ AM star manager Eric Bendahan, who is looking for entry points in the Italian financials market for his new firm Eleva Capital.

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Eric Bendahan
Eric Bendahan
46/257 in Equity - Europe (Performance over 3 years) Average Total Return: 32.59%
Michael Clements
Michael Clements
233/257 in Equity - Europe (Performance over 3 years) Average Total Return: 13.19%