Fund volumes rise in recovery

For the first time since 1999, all the fund markets recorded increased fund volumes following international equity markets recovering during the course of 2003, according to DWS Investments. In contrast to the beginning of last year when many equity indices hit record lows, during this year they achieved considerable price increases, buoyed by the first indications of economic recovery in the US and Europe as well as impressive growth rates in some Asian countries. Both Dow Jones and Nikkei added 25% last year and the European market index DJ Stoxx added almost 14%. In parallel to equit...