Investors looking for investment tips via analysts predictions for 2013 may be wise to hit the ‘delete’ key and focus their efforts on looking for sound companies.
Data released by Thomson Reuters has revealed that the top 11 European equity funds have all utilised ‘bottom up’ strategies, with a focus on investment within individual companies with a good track record, rather than the market as a whole. The data also revealed that the respective top performing funds saw their value grow up by to 500 percent, compared to the average growth of 53 percent out of the 290 funds surveyed.
According to Reuters, both fund managers and analysts have had difficulty in predicting yearly movements within the European stock markets and often fail to account for both crashes and rallies.
