Libertad24 - Comercio de valores

Dzmitry Marchanka, sales manager at Freedom24 Bulgaria, Tied agent of FFEU, joined Bloomberg TV Bulgaria to break down the European "Big Seven" and explain how the group differs structurally from its US counterpart. The seven names cover ASML, SAP, LVMH, Novo Nordisk, Siemens, TotalEnergies and UniCredit, spanning semiconductors, enterprise software, luxury, pharmaceuticals, industrials, energy and banking. 📊 Unlike the US Magnificent Seven, which is concentrated around AI exposure, the European group is built on sectoral breadth. Dzmitry pointed to first-quarter performance as evidence: LVMH was the only name in the group with negative year-on-year dynamics at around -6%, weighed down by the conflict in the Middle East and its impact on tourist spending, while the other six posted solid results. "Therefore, diversification for the European seven is a pretty good strategy from our point of view," he said.🌍 Asked why US markets continue to attract stronger retail flows than European ones, Dzmitry pointed to the structural complexity of investing in Europe, where the same asset can be listed on multiple venues in different currencies. "An asset that is traded in Europe can be traded both on the Frankfurt Stock Exchange and on the London Stock Exchange, and accordingly currencies also have a great importance," he explained. "For people it is more complicated, whereas if we are talking about American companies, American stocks, people just go in, buy them in dollars. That is much easier." On the prospect of a consolidated pan-European exchange, his view was direct: "It would be good. It would really be much more convenient, but the question is whether it is possible." 🔗 Watch the full interview in Bloomberg TV Bulgaria