High street bank HSBC has said that more people will be turning towards investment funds which track financial indexes such as the FTSE 100 in the coming years.
In a study of financial advisers, the major banking corporation found that 95 per cent were planning to "significantly or moderately" increase their investment exposure to index tracking funds in the next three years.
The bank believes that these types of investments will yield greater returns for lower costs in the near future, and more portfolio managers will be taking advantage of them.
Andy Clark, UK managing director of wholesale for HSBC Global Asset Management, said: "Particularly in highly efficient markets where fund managers are finding it difficult to outperform markets, index tracking funds have an important role to play."
The Share Centre recently said that banks are now starting to offer some positive investment opportunities despite experiencing a turbulent time in the financial crisis .
Index tracking investments to become popular, HSBC claims
Index tracking investments to become popular, HSBC claims
Tue, 11 Aug 2009
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