You're watching...
Oppenheimer Funds Senior V.P. George Evans on why investors should remain calm despite the news going on with JPMorgan and in Europe.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
George Evans is a man who says investors need to regardless of all of this news and and European news stop freaking out.
He's here to tell you how to make money that's or about really how to make money no matter what happens.
In Europe -- here anywhere George is the senior VP of equity director at Oppenheimer Funds.
Over the past three years you've averaged twelve point 8% gains we'll take that it's certainly nicer down year over year but -- 80% invested in Europe.
These headlines out of Spain recently.
-- make you go away from Spain should other investors -- the -- The the point with investing in European equities is that over the last twenty years most of the larger companies have actually become global.
Stokes the rule about the future fundamentals on the fundamentals they face -- being driven by things that are going on in North America.
South America and in Asia.
-- I just interrupt -- here we have some breaking news regarding FaceBook Mark Zuckerberg who was on that road show we talking about.
Has just arrived at -- Silicon Valley Palo Alto location.
Where they're meeting with investors and we've got some video of this.
Here's Mark Zuckerberg the founder co-founder I should say.
And CEO.
What is that.
Southern GM seeing all right he's arriving in the big limos which Bill -- by the way said.
Don't ride in -- bring a book read don't dress fancy don't make a big deal we know it doesn't dressed in a fancy way he where's the but -- but here is the the big caravan.
Of have a big caravan for the road show.
Mark Zuckerberg the billionaire co-founder FaceBook and he'll be meeting with investors we'll be talking Shibani throughout the next couple of our she's been right there sorry to interrupt.
Back to what you were saying.
Look at the point is that the fundamentals that these companies are facing our global.
They're all very exciting things that many European companies are extremely well positioned full.
And the the concerns about the fiscal situation in Europe -- -- -- -- -- If you invest over a reasonably long period of time which is what we always -- -- is and you -- great growth companies -- you should do.
Well is there a correlation between the Euro zone troubles.
And companies that have their headquarters in European nations and if not.
Is that what you look at who's buying from these companies because if the Chinese are buying up a lot of products of a luxury goods maker that happens -- based in France it's not so worrisome.
Exactly most of the big luxury good companies are European.
That -- is quite markets is China and Brazil and Russia.
So if you like luxury goods you've got to be in Europe and they also -- A lot of very expensive goods.
Hand over fist not a member of the Euro -- but let's talk about the UK.
The UK is in recession but the London Olympics are coming do you like any UK companies.
Well I'd like we've been on the same basis we're looking up well positioned UK headquartered companies that are making things that people want so we haven't.
A comical DI GO it says most famous fool.
Four distilling -- woke up.
One and three bottles of whiskey in the world are consumed in India.
As Indian incomes go up and as -- parents come down.
There is a huge opportunity for resulted indeed we don't know when that's good to have much but it will.
More names from George coming up he -- of European base names that are doing all their business elsewhere.
