Investors bet on equities

More than half of the country’s investment professionals think that equities will provide the best returns to investors compared with other asset classes and have predicted an 11 per cent surge in the benchmark BSE Sensex by the end of 2016-17, says a report.

According to survey findings by the Indian Association of Investment Professionals, nearly 57.26 per cent of the investment professional expect “generous gains in equity market indices, with BSE Sensex predicted to climb 11 per cent from the current 25,000 level...Investment professionals expect equities to provide the best total risk adjusted returns for the year ending March 31, 2017 (compared to other asset classes such as bonds, cash, commodities, precious metals and real estate),” the survey said.

However, the survey said investment professionals were concrned about economic growth outlook over the next year on account of slowdown in the global economy and deflation risk, among others.