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Article: Fund managers feeling confident about recovery

Article from:
The Sunday Telegraph London
Article date:
June 1, 2003
Author:
Copyright

BRITAIN'S top-rated fund managers are increasingly optimistic about a recovery in company profits and an upturn in UK economic growth this year, according to a new poll.

The research, carried out by Citywire, the financial publishing and data group, reveals that 56 per cent of fund managers expect a rise in corporate profits over the next 12 months. The figure is a massive increase on the previous month when just 36 per cent predicted a pick-up in earnings.

The latest survey also shows that leading fund managers are more bullish about a recovery in the UK stock market, despite the recent rally which has seen the FTSE100 recover from its low of below 3,300 in March to close at 4,048 on ...

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