Investors confident in European equities - Merrill Lynch

Institutional investors are confident in the prospects for European equities, according to the lates...

Institutional investors are confident in the prospects for European equities, according to the latest Merrill Lynch fund manager survey. Karen Olney, head of European equity strategy at Merrill Lynch, said record levels of respondents believe Eurozone corporates have the most favourable profits outlook. Investors also believe companies in the region have higher quality earnings than their counterparts in the U.S. “It’s the first time the market has taken this view since a series of US corporate balance-sheet crises in 2002. It is no surprise that a record net 36% of managers would lik...