A third (32%) of IFAs are putting their weight behind emerging markets to outperform next year, despite concerns about Dubai's debt problems.
This is slightly ahead of UK shares which are favoured by 30%, according to research from the Virgin Money Investor Intentions Index. Year on year, optimism in emerging markets is up from 17% at the end of 2008 to 32% in 2009. Sentiment towards far east shares also rose by 10% on December 2008's scores to 22% now, the research suggests. IFAs are still advising clients to invest in UK shares, however, with 83% planning to advise clients to invest in the UK over the next three months. This compares with bonds at 77% as the next most popular sector ahead of emerging markets and europe...
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