Majority of investors look to opportunities if market corrections occurs
More than 61 per cent of investors would find opportunities for bargains and invest more if a market correction were to occur, according to a survey by an investment firm.
The survey by Fidelity Investments of 1600 investors found 33 per cent would ride it out, and six per cent would take money out of the market.
The report found 29 per cent of investors are planning to increase investments in stocks, and 50 per cent of investors believe the stock market will grow by five per cent or more.
Following this, 15 per cent of investors plan to use exchange traded funds (ETFs), 12 per cent for actively managed funds, and six per cent for passively managed funds in the next 12 months.
"Three quarters told us their next investing dollar would go into equities, and one in ten said it would go into cash. So clearly they are planning to put their money to work," president of Fidelity's brokerage business, Ram Subramaniam, said.
The survey also noted the top sector choices are healthcare, technology, and energy.
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