Forex gains expected as equity decline continues

- By FX Markets Staff
- @FXMarkets_
- 29 Apr 2002

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NEW YORK -- Forex markets are likely to see more business from fund managers in the second half of this year, officials told FX Week. They were speaking in response to a survey from Merrill Lynch, which showed that funds’ outlook on world equities had sunk to a record low in April.

David Gould, director of investment at the National Association of Pension Funds in London, said: "Fund managers are looking at alternative ways of improving their revenue streams."

And, as returns from currency

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