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Article: Fund managers turn bullish on UK stocks
- Article from:
- The Sunday Telegraph London
- Article date:
- May 4, 2003
- Author:
CopyrightCopyright 2003 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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BRITAIN'S top-rated fund managers are increasingly bullish about a
recovery in the UK stock market this year, according to a new survey.
The poll by Citywire, the online financial information service,
reveals that a massive 90 per cent of fund managers expect the UK
stock market to rise in the next 12 months. Just two months ago, 71
per cent predicted a rise in UK equities.
The latest survey also reveals that more than one in 10 managers
are confident of a return to the levels of double-digit growth last
seen in the late 1990s. Just 4 per cent believe returns will be
negative. The poll shows a marked increase in confidence following
the war in Iraq and comes just over a month after the ...