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Drumbeat: Ad Buzzaar
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Sunday, November 1, 1998
European fund managers upbeat on outlook
Brian Spoors
London, Oct 31: European global fund managers were generally more upbeat on the economic outlook across the continent in October than previously but they had mixed feelings about investing in the Far East.A Reuters survey of fund managers based in Continental European found increasing purchases of Japanese bonds but the main thrust was greater confidence at home reflected in higher weightings of both core and periferal European bonds.Bettina Mueller, fixed income fund manager at the German-based fund DWS said, "We are feeling more positive about Japan and increasing our weighting there which is quite low, " she said. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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