FERI data confirms confidence is growing in equity markets

Definite signs that European investors are regaining confidence in equity markets is confirmed by net new sales data into equity mutual funds, published by FERI Fund Market Information. At E3.9bn, total equity flows in June were more than double those of May, although still some way off their high point of E9.5bn in March 2002. "We have seen the same trend with our sales," said Meera Patel, a financial adviser with Hargreaves Lansdown. "There has been an increase in sentiment and confidence, though this is slightly delayed," she added. Patel noted, with hindsight, that March would have b...