Don''t Give Up on the Eurozone As economies go, Europe is struggling. It’s still emerging from the pandemic, and a war in Ukraine has severely slowed natural gas supplies from Russia, helping to push inflation to 40-year highs. The odds of a recession have soared this year, and the European stock market has noticed. The MSCI Europe stock index, which holds roughly 430 stocks across the continent, is down 17.1% over the past year. Funds that invest in Europe are down an average 21.4% over that period. However, Janus Henderson European Focus Fund ( HFETX ) is weathering the storm better than its peers, losing only 17.5% over the past year. It’s three-year annualized return is a whopping 14.8%. SEE MORE European Dividend Aristocrats: 40 Top International Dividend Stocks Tom O’Hara, a Europe specialist at Janus Henderson, credits the fund’s better footing to its focus on large, competitive, multi-national companies with solid financial footing that just happen to be based in Europe. (Despite its current tilt toward large-capitalization companies, the fund has leeway to invest in firms of all sizes.) For example, luxury-brand producer and distributor LVMH Moët Hennessy Louis Vuitton is headquartered in France, but the company made nearly 80% of its revenue outside of Europe in 2021, with 26% generated in the U.S.