Many active investors are eager to capitalize on current market volatility, according to the latest Fidelity Traders’ Summit poll.
The poll, which was conducted on Oct. 9, the day the S&P 500 Index fell by 2%, found that 57% of active investors would look for bargains and invest more if a market correction of 5% should occur.
Only 6% of these traders who make several trades a month said they would take money out of the market.
The Traders’ Summit included some 5,000 in-person and webcast attendees who were Fidelity customers. An average of 2,239 attendees responded to each poll question.
“Fidelity Traders’ Summits attract highly engaged investors, so it’s interesting to learn about their allocation plans, with many expressing enthusiasm for the buying opportunities that volatility brings,” Ram Subramaniam, president of Fidelity’s retain brokerage business, said in a statement.
“These summits enable us to gain and share insights based on real-time views of leading-edge investors who are helping shape macro trends, informing our research and market perspective. For instance, 45% believe the health care sector has the most upside over the next 12 months, while 32% favor investments in the technology sector.”
The poll found that when active investors were given the choice of where to put their next investing dollar, 75% chose equities, 12% chose cash, 7% real estate and 6% bonds.