Two-fifths of IFAs have backed emerging markets as the most-likely best performing geography in the short term, according to Legal & General Investments.
The ‘What Matters Investment index’ saw 40 per cent of IFAs backing emerging market as the best performer, while 18 per cent thought the US would perform the strongest in the short-term.
L&G Investments managing director Simon Ellis says: “It is no surprise that Europe is the geography about which IFAs are most cynical when you consider the region’s ongoing problems and lack of obvious resolution.
Source: FundWeb. Read full article here.