The European Equity Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2023
September 07, 2023 at 11:38 am EDT
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The European Equity Fund, Inc. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported revenue was USD 1.5 million. Net income was USD 8.73 million.
The European Equity Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment primarily in equity and equity-linked securities of issuers domiciled in Europe. This Fund is diversified and primarily focuses its investments on equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. It invests in various sectors, such as banks, beverages, building products, construction and engineering, insurance, media, information technology (IT) services, oil, gas and consumable fuels, pharmaceuticals, professional services, textiles, apparel and luxury goods, air freight and logistics, chemicals, diversified telecommunication services, semiconductors and semiconductor equipment, software, commercial services and supplies and others. DWS International GmbH is the investment adviser of the Fund.