Stable interest rates and low inflation have increased U.S. money managers’ outlook on stocks, according to a quarterly survey by Russell Investment Group, The Wall Street Journal reports.

Eighty percent of the executives surveyed at 87 money management firms said they expect stocks to rise next year, and nearly one-third said those gains will be 10% or more. Thirty-seven percent said stocks are undervalued, up from 35% three months ago. This is the highest percentage to view stocks as low priced in the 2-1/2 years Russell has conducted the survey.

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