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Equities tipped for the top in 2010

Equities tipped for the top in 2010

Category: Investments

Updated: 17/12/2009
First Published: 17/12/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Fund managers expect equities to be the best performing asset class in 2010, according to a survey from the Association of Investment Companies (AIC).

Half of those questioned felt investors would be best served by equities over the coming year, although more than a quarter said that they were favouring gold.

Emerging markets was tipped to be the top performing region by 35% of those polled, with Latin America and the Far East excluding Japan next in line in receiving 22% and 18% of the vote respectively. No one expects the UK to be out in front this time next year.

Meanwhile, almost a quarter of managers felt resources, such as oil, would be the leading sector, followed by blue chip companies (16%).

The FTSE 100 has been predicted to stand between 5,500 and 6,000 by the end of 2010 by 58% of those surveyed.

However, one in ten said they thought the index will have dropped below 3,500 in 12 months time.

"With the markets having enjoyed a significant revival in recent months, it would not be surprising to see this continue into 2010," said Richard Eagling, editor of Investment Life & Pensions Moneyfacts.

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