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Investors forecast stock market growth: Fidelity
Investors are turning to healthcare, technology, and energy companies to deliver growth on the S&P 500 over the coming months, research reveals.
The survey by Fidelity Investments found 50 per cent of investors believed the stock market will grow by five per cent or more by the end of 2015, while just over a third of investors forecast it would remain at its current level.
Of the 1600 active investors surveyed by Fidelity, 29 per cent revealed they planned to invest in stocks, while 15 per cent of investors plan to use exchange traded funds (ETFs), 12 per cent for actively managed funds, and six per cent looking to use passively managed mutual funds, over the next 12 months.
The report also noted if a market correction were to occur, more than 61 per cent of investors would find opportunities for bargains and invest more, 33 per cent would ride it out, and six per cent would take money out of the market.
"Three quarters told us their next investing dollar would go into equities, and one in 10 said it would go into cash. So clearly they are planning to put their money to work," president of Fidelity's brokerage business, Ram Subramaniam, said.
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