EUROPE - Some 87% of European fund managers think that investors lack faith in them to beat the current market downpour. The survey, which forms part of a series from research and ratings firm Morningstar Europe, also revealed that most fund managers are desperate for a stockmarket recovery to bolster the industry's profitability.
Some 64% of managers said that a rebound in equity markets mattered a lot in regaining investor trust. Another 34% said it mattered a little, with 2% saying it had no effect. “At present fund mana...
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