Financial advisors surveyed by independent research company Datamonitor (DTM.L) believe that wraps and REITs will be the most promising area for future growth in the savings & investments market.
However, in spite of the optimistic view attached to these two specific products, financial advisors in general believe that sales of many savings products will remain unchanged over the coming 6 months.
The ambivalence shown towards the growth prospects of a large proportion of savings & investments options was most keenly felt with respect to what are regarded as the more conservative investment vehicles in the market such as income protection, term-based insurance and guaranteed equity bond products.
Real Estate Investment Trusts (or REITs as they are known), have received a substantial amount of publicity since their introduction into the UK market in January 2007. REITs represent an area of particular growth potential, given the fact that they give investors an opening in which to invest in physical land and buildings across all property sectors and all commercial, industrial and residential structures.