Article: Fund managers turn bullish on UK stocks

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 ...

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