Trust managers more bearish on UK than IFAs

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Investment trust managers are proving more bearish than advisers on their predictions of equity move...

Investment trust managers are proving more bearish than advisers on their predictions of equity movements next year, particularly for the UK market. Polls conducted by the AITC, of 32 trusts representing a fifth of the industry by assets under management, and IFA Promotion among advisers at its 10,000 member firms, showed opinion between the two groups is diverging. Last year, IFAs and investment trust managers both expected the FTSE 100 to close between 4,500-5,000 by the end of 2004. As of 14 December it sat at 4722.8. There is no such consensus for 2005, with half of IFAs expecting th...

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