WHO’S TOP OF EUROPE’S EQUITY FUNDS?
European funds are becoming a major part of the fund-managment business. The number of new funds is increasing each year. US pension funds alone will pump another $12 billion into international stocks this year, bringing their total portfolio of foreign assets to nearly $27 billion, double what it was two years ago. The growing number of Erisa fund managers attests to the competition.
Last year was highly successful for European fund managers.
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