European investors favouring equities

Schroder Salomon Smith Barney (SSSB) research has found European investors are continuing to favour equities over bond funds. In the 12 months to 3 August 2000, European investors have been net sellers of $88bn of bonds but net purchasers of $150bn of equities Equity fund inflows in the first half of 2000 amounted to $90bn and have surpassed the 1999 total. The rolling 12-month demand for equities has reached a record level in excess of $150bn, according to SSSB. It expects the retail sector to continue to switch out of bonds, encouraged by annualised returns of more than 20% on Europea...