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.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.