CIBC European Equity Fund

Analysis: While this fund can invest in both medium and large companies in Europe, it is current focused on the bigger names. They look for companies that are global and market leaders that have strong management teams, attractive growth prospects and reasonable valuations. This is a more aggressive offering than the Mackenzie Ivy European Fund. It has more pop to it on the upside, but it will also be hit harder when markets drop. It is growth oriented in its approach which results in higher levels of volatility. We believe that this is a good pick for higher risk investors looking for a momentum play in European equities.