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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