Released on: September 19, 2007, 9:28 am

Press Release Author: net24news

Industry: Financial

Press Release Summary: Artemis Financial Survey Shows That Fund Managers Still
Believe Equities Offer Value Even With Market Instabilities


Press ReleaUñ_¬Öçb·Fund Managers are showing a reluctance to abandon equities amid
market turbulence.

According to an Artemis Financial survey of fund managers, while they are showing
reluctance towards risk in light of global market instability, they still believe
equities offer value, especially in comparison with bonds. The broadest snapshot of
global institutional investors' sentiment shows that 11% regard equities as
undervalued since the sharp rises in credit spreads and equity market volatility. In
contrast, 42% think bonds are overvalued.

A large percentage of investors who were polled at the height of recent volatility,
have increased their cash levels one percentage point to 4.5% of their portfolios,
and have trimmed their expectations of corporate profits and expect global growth to
slow. However, what is striking is that a little as 7% think a recession is likely
in the next year. The survey suggests investors are not rushed to reassess the
prospects for equities.

It appears that investors are viewing the market turmoil as a potential buying
opportunity for equities and appear unwilling to turn fundamentally bearish on
equities so long as they believe the rest of the world can decouple from a
vulnerable U.S. economy.
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