Euro managers increase gearing as economy improves

European managers are becoming more confident about the state of the economy, according to a survey ...

European managers are becoming more confident about the state of the economy, according to a survey from the Association of Investment Companies. Managers such as Jim Campbell and Francesco Conte at J.P. Morgan Asset Management, and Mark Lovett from Charter European Trust, agree the European situation is improving. JPMAM says during 2008 its team was finding fewer companies of interest, as financials looked unattractive. However, in the last month the group says it is finding many well-priced stocks across the continent and has increased its gearing to capitalise on that. Charter Euro...