Investment Managers Say the Time to Invest in Stocks is Now
A new survey conducted by Russell Investments shows professional managers believe now is a great time to invest in stocks. Many surveyed by the Washington State-based financial services firm came to this conclusion with the realization that the stock market is far more undervalued than overvalued.
Stocks Worth More Than Current Prices
Among the money managers surveyed, 57 percent say they think equities are undervalued at the moment, meaning they believe stocks are worth more than their current prices. According to Russell, this is the highest proportion of managers holding this belief since March 2009.
In fact, only 7 percent of those surveyed say they think stocks are actually undervalued, which means not enough people are taking advantage of the market in its current state.
The Time to Invest is Now
Investment managers see room for growth in the stock market so many say that the time to invest in stocks is now. What investments did the managers suggest were best?
According to the report, 71 percent of managers expect emerging market stocks to see an increase in prices, in comparison to 12 percent who think we will see a drop. Also, a high number of professionals felt we would see an increase in technology stocks in the near future. Of the 170 participants, 69 percent said they believe tech stocks have room to grow.
When it came to energy and material stocks, a smaller number were excited about growth. Fifty-one percent said that energy equities should see an increase in prices, while 48 percent thought material stocks would grow.
For investors looking for action overseas, the managers thought India was a good investment destination. Because it has seen an influx of foreign capital (about $1 billion a day), the opportunities seem to be plentiful there.
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