June 28, 2003	Saturday	Rabi-us-Sani 27,1424

LONDON, June 27: Global fund managers cut their US bond holdings in June and switched to euro zone debt to take advantage of better interest rate returns in Europe, but they boosted US stock holdings, a Reuters poll showed.

Sluggish growth in the euro zone and higher European interest rates compared to the United States encouraged money managers to favour Europe’s bond market but they reduced their exposure to euro zone equities, the poll showed.—Reuters