Investment pros optimistic on stockmarket recovery by year-end

Losses for year expected to recover to 7%

The S&P 500’s losses for 2020 are expected to bounce back from lows of -34% seen in the first few weeks of the coronavirus pandemic to post a loss of 7%, according to a Natixis Investment Managers survey of 2,700 global investment professionals.

The survey, which included advisers, wealth managers, broker/dealers, and financial planners, found investors are optimistic global stockmarkets will continue to recover throughout the year with an expected 2020 loss for the MSCI World index of 7.3%. Brexit Blog: Government U-turns on border checks policy - reports UK investors, meanwhile are more optimistic, anticipating MSCI World losses of 6.9% for the year, but also believe the FTSE 100 will finish the year down 7.2%. The survey found Australian and German investors are the most pessimistic in their outlook, expecting 2020 MSCI...