2023 has seen markets fluctuating up and down and a year of continued volatility means expectations for the year ahead remain very similar to those at this time last year. 46% of respondents expect the FTSE 100 to be higher at the end of 2024, with 32% believing it will remain at similar levels. Only 22% expect it to be lower, a positive decrease from 31% last year, but, notably, institutional investors are more cautious with 27% of them anticipating a fall from current levels. Overall, while the outlook clearly remains uncertain, there is perhaps a little more optimism than at this time in 2023.