Three quarters of IT managers expecting FTSE rally in 2011

Investment trust managers are optimistic equities will rally in 2011 and 77% expect the FTSE 100 to end the year between 6,000 and 6,500, according an AIC survey.

The managers predicted emerging markets as the best-performing region, and resources as the standout sector. The AIC poll also found managers are optimistic about the macroeconomic global outlook, with 32% of managers saying better-than-expected global growth had given them cause for optimism. Meanwhile, sentiment on markets had improved, as 92% predicted a rise in 2011, an increase of 18% from last year. Ian Overgage, communications director for the AIC, said 95% of managers predict new investment trust launches in 2011 will continue at a similar rate to the 17 new vehicles brough...