RPT-Fund managers fret about valuations in wake of ECB rate cut
June 09, 2014 at 16:22 PM EDT
NEW YORK, June 9 (Reuters) - When the European Central Bank put its economy-boosting stimulus plan into high gear last week, it sent European stock prices to six-year highs. But mutual fund managers who might be expected to like that are instead voicing a new worry: The policy leaves them without enough reasonably priced stocks to buy.