Equity markets expect better 2001

It is an interesting time to be a European fund manager. But within the European markets, investment portfolio strategy is arguably more difficult than it has been for some time, particularly as it is now clouded by concerns over the influence of the US economy and stock market. Fund managers as a breed are often accused of herd-like behaviour. This has been very apparent over the period since the introduction of the euro. But being near the front of the herd is not necessarily a bad place to be and the fund managers who went with the flow generally did well in the 18 months from the intro...