European markets predicted to rise

September 22, 2008

A survey conducted by Lazard Asset Management found that 63% of investment managers expect European ex UK to rise over the next 12 months. The survey of investment managers at the joint Investment Conference in Istanbul also found that 98% thought European markets would rise over the next three years. Aaron Barnfather, manager of the Lazard European Alpha fund, said there was “still value to be found in quality stocks and sectors and reason for optimism in this asset class”.

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