Highly regarded money manager Ken Fisher was upping stakes in a pair of European giants during Q2 and trimming positions elsewhere.
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Fisher Investments is an investment advisor with $28 billion under management as of April of this year. Fisher has been one of the louder bulls this year. In April, he told Bloomberg that, thanks to depressed valuations, the S&P 500 could rebound as much as 70% off its March lows. Three months later, the rally is still ongoing, and stocks have moved about 45% off the lows.
Aside from Unilever and Nestle, Fisher also had some international exposure among its top holdings in the form of Chinese mobile telecom firm China Mobile,transnational chemical giant BASF and the iShares MSCI Emerging Markets Index which was Fisher's largest, U.S.-listed, equity holding at the end of Q2.
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