Survey reveals IFA optimism for FTSE 100 growth

Despite the gloom, most IFAs still expect double-digit growth from FTSE 100 in six months' time, acco...

Despite the gloom, most IFAs still expect double-digit growth from FTSE 100 in six months' time, according to a survey carried out by Rowan & Co. The wealth manager canvassed the views of 145 IFAs earlier this month; they were asked to predict where they thought the index would stand as of 1 May 2009. The results showed a wide range of forecasts from 3,200 to 6,400, though the average prediction was at 4,952. As of 2:45pm today (28/11/08), the FTSE 100 stood at 4,220. When Rowan previously asked for IFA predictions in November 2007, the average was a market level of 6,401. The actual ma...