No more Swedish stock market gains this year – SBAB survey
Swedes on average expect the local stock market to end the year slightly down from its current levels, according to the findings of a survey conducted by SnabbaSvar on behalf of Swedish bank SBAB.
About a quarter of those questioned said they expect the market to make postive gains of 1%-5% through the second half of 2012.
About a fifth, (19%) said they expect the market to fall by a similar amount. However, overall some 60% said they expected the market to make losses or no gains over the period.
Some 8% answered that the fall could be between -11% to -25%.
SBAB said that the Swedish sock market currently is up slightly from the start of the year, thanks to recovery over the summer, which has put it up 7% over the year to date.
Maria Malmqvist, personal finance expert at SBAB Bank said the variation in answers suggested that investors needed to find the products that were most suitable. For those who are comfortable with equity risk then companies offering high dividends could be a good choice, but for those who feel the market is set to decline, then deposit accounts or hedge funds might be more suitable.
The survey was conducted 21-17 June and sourced answers from a representative sample of 1,026 respondents nationwide aged 15-80.