UK equities tipped as top performer for 2020 in AIC fund manager poll

Low interest rates cause for optimism

The UK stockmarket is most likely to produce the best returns for equity investors in 2020, according to an annual poll of investment trust managers conducted by the Association of Investment Companies (AIC).

Out of those surveyed, 33% tipped UK equities as having the best prospects over the next 12 months. Almost a quarter of these said the biggest cause for optimism is the fact interest rates will likely remain low, while a further 14% were positive on the UK due to improving global growth prospects. In terms of the performance of the FTSE 100 index, 38% believe it will end next year at between 7,500 to 8,000 points, while 24% estimated it could close on between 8,000 and 8,500. In contrast, 19% of managers surveyed believed the FTSE could end 2020 below 7,500. Prospect of Tory ele...