Research among wealth managers, financial advisers and financial planners across the UK, commissioned by Rathbones Asset Management Ltd, the fund management arm of Rathbones Group Plc, reveals expectations of strong growth in UK equities over the next 12 months.
Eighty-one percent of these investors expected growth among large and mid-caps, although sentiment towards small caps was mixed.
In May this year, the FTSE 100 reached record highs, and the findings suggest respondents are anticipating further strong returns, with over half (56%) predicting an increase of between 5% – 10%, and a quarter of those surveyed pointing to gains of between 10% – 15% over the next 12 months. A further 16% expected an increase of below 5% while just 2% expected a fall.
In the FTSE 250 index, the numbers looked similar, with expectations of a 5% – 10% rise from 56% of those surveyed. A more bullish 22%…
