European equities remain attractively valued when compared to their North American brethren. Given the struggles in many European economies, these valuations may be justified. Aggressive stimulus action from the European Central Bank has the potential to spur a liquidity driven rally that may push prices up. Unfortunately we can’t say when or even if that will happen. But if you have a long-term time horizon and want to gain exposure to the troubled region, this is not a bad way to do it. Managers Dominic Wallington and David Lambert take a hands on approach with this diversified, large-cap offering. Looking at the portfolio, I don’t expect this to shoot the lights out, but I don’t expect it to hurt you too badly either. However, given the economic situation in Europe, only those who can stomach the potential risks should even consider this fund.