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December 31, 2012

3 fund managers offer 2013 stock outlook

  • They are optimistic about significant rewards for staying in stocks because corporate profits are strong.
    • By MARK JEWELL
    AP Personal Finance Writer

    BOSTON — In uncertain times like these, stock mutual fund managers acknowledge there's reason for investors to be unusually cautious in making any short-term moves. But they remain optimistic that there will be significant rewards for staying invested in stocks. They expect the market to climb in 2013, although the gain is likely to be more modest than this year's 15 percent return in the Standard & Poor's 500 index through last week.

    The reason for their optimism is that corporate profits remain strong. They say that's the key factor in assessing the outlook for stocks, rather than the plodding economic recovery, political battles in Washington or the gloomy outlook of consumers.


     
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