Amvescap one to watch in market recovery
One of the world's largest independent fund managers, with $323bn in assets under management, Amvescap offers a full range of global investment products, including equities, bonds, fixed income, money market and property products. Some 55% of funds under management are invested in equities, making the stock extremely sensitive to market movements.
It is estimated that a 10% increase in equity markets boosts the company's profits by around 20%. As a result, Amvescap's share price generally moves twice as far as the underlying move in equity markets, both up and down, making it an ideal stock for trading.
