Investors prepare for the European boom

Article Abstract:

The boost to economic expansion expected in many European countries from the introduction of the single currently should encourage UK investment funds to place more money in European equities. UK investors currently only have around 5% of their shares, on a global basis, in European funds. The benefits of European investment will come from the absence of currency risk and the decline in interest rates in peripheral EMU countries, which should boost stock market performance. Share performance should also benefit from economies of scale, as companies start to reorganise on a cross-border sector basis rather on a country basis.

Comment:

UK: Single currently should encourage investment funds to place more money in European equities

United Kingdom, Market information - general, Open-End Investment Funds, Money Market Invest Funds, Mutual fund industry, Money market funds, Article

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Golf

Article Abstract:

UK sales of golf equipment and apparel in 1998 amounted to 365 million pounds sterling, with some 7.9% of the population taking part in the sport. Golf's up-market image means that, although it has fewer participants than other sports, it is one of the industry's most lucrative markets. There are around 2,400 golf clubs in the UK, of which over 500 were built between 1985 and 1995. Expenditure on golf club membership is estimated to be around 400 million pounds sterling. The golf goods market is forecast to reach 382 million pounds sterling in 1999, at current prices, rising to 449 million pounds sterling by 2003.

Sporting and athletic goods, not elsewhere classified, Sporting and Athletic Goods Manufacturing, Golf Equipment, Equipment and supplies, Supply and demand, Golf, Golf equipment industry, Sporting goods industry

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