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Article: Fund managers optimistic of stock market recovery.
- Article from:
- Financial News
- Article date:
- September 27, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Pirkko Juntunen
More than half of fund managers (52%) are convinced global stock markets will be at least 10% higher in a year's time, according to the monthly European fund trends report by Morningstar, the fund rating and research firm.Morningstar said that despite the bullish nature of many managers there is an expectation that investors themselves will shun equities. Net inflow of funds will instead go to fixed income funds and increasingly to balanced funds, said the research firm. Such risk aversion probably accounts for why some 42% of fund groups expect guaranteed products to dominate new product launches.
The report is based on the views ...
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