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Why PSG is eyeing Volkswagen and BMW

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Reprieve from pension fund obligations may boost European carmakers.

One would think carmakers would be out of vogue. They’re struggling with calls to reduce emissions, trying to get consumers to buy electric vehicles, and trying to source critical inputs . But these difficulties haven’t put PSG off taking a closer look at two German behemoths, Volkswagen and BMW.

“In the current environment, consumer discretionary [stocks] are not a great place to be,” Vaughan Henkel, head of equity research at PSG Wealth, tells the FM. “But we think there are some nice opportunities in European vehicle manufacturers — mainly VW and BMW.”..

 

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