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Southern Europe A Prime Spot for Small Cap Growth Winners


Peripheral European economies have made strong comebacks since the financial crisis, nevertheless, valuations remain reasonable for Southern European stocks, said Edwin Lugo, portfolio manager for the Franklin International Small Cap Growth Fund. Lugo said he is bullish on Kennedy-Wilson, which owns property across Europe and has lately been putting significant funds to work in Spain. Lugo said property prices in Spain have moved higher but still have a ways to go. Similarly, Lugo is bullish on Irish property owner Green REIT because of its increasing investment on the Emerald Isle.