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Henderson's Bennett flirts with depressed oil majors

Europe not cheap and can correct another 10% before his views change, says veteran fund manager

Given record-high profit margins in the US, a strong dollar and rising wage pressures suggest the situation will not last, Mr Bennett says.


EVEN as European stocks remain expensive, depressed oil supermajors have piqued the interest of John Bennett, director of European equities at Henderson Global Investors.

The veteran fund manager has been buying the listed oil producing and refining giants, though he...