Amvescap one to watch in market recovery

AMVESCAP ranks high amongst the FTSE 100 stocks most likely to benefit from an equity 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.