Market Extra: Tap these European stocks to ride the revival in emerging markets, says UBS

The time is right to jump into European stocks with heavy sales exposure to emerging markets, a strategy allowing investors to benefit from improving economic conditions in developing regions, says UBS.

Dutch brewer Heineken NV HEIA, -0.15%HEINY, -0.93% and French car maker Renault SA RNO, +2.85% are among a few companies that made the cut for UBS’s list.

UBS strategists drilled down into 300 European companies to review where they make sales on a geographical basis, the move coming in part after the U.K. in June voted to leave the European Union. A slide in the British pound GBPUSD, +0.7840%GBPEUR, +0.8577% , lower bond yields worldwide and a “somewhat delayed” rate-hike cycle by the Federal Reserve have been part of the immediate fallout from the Brexit vote.

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