Fund managers bullish about the FTSE 100

By Jenne Mannion A survey of some of the UK's top fund managers shows that most expect the FTSE 100 will close the year higher than its current level of around 5700. The most bullish of the fund managers is Jon Thornton, head of UK equities at Aberdeen Asset Management, who expects that the market will close at 7250, provided the UK does not slip into recession. He said: "The continued no boom-no bust environment seems the likely scenario." Meanwhile, Thornton said in terms of valuations UK equities remain extremely attractive relative to gilts and offer good value on a...