Three stocks to overcome Europe’s growth crisis

Europe is in a structural growth crisis, says professional investor Malte Heininger. But these three visionary companies have good long-term prospects.

A professional investor tells us where he'd put his money now. This week: Malte Heininger of Carmignac's Long-Short European Equities Fund.

Europe is in a structural growth crisis. The world is gradually shifting from the "old economy" to the "new", technology-driven one, and the European presence in this crucial sector is underwhelming, particularly among larger companies.On this side of the Atlantic there is a distinct lack of companies on a par with the FANGs (Facebook, Amazon, Netflix and Google, now Alphabet) major innovators that have upended traditonal markets and created new ones. Plenty of old-economy champions are feeling the cold winds of disruption thanks to digitisation and changing consumer behaviour.

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