Those with investments in the FTSE share index are still confident it will perform well in the next three months, a new study has found.
According to research by Barclays Stockbrokers, 47 per cent of FTSE investors expect the value of the index to rise, while a further 12 per cent think it will stay the same.
Des Byrne, head of Barclays Stockbrokers, said: "It is encouraging to see investors remaining bullish despite recent market volatility. While we would expect our clients to become more cautious there are bargains to be had and investors shouldn't lose faith now."
However, others with investments in the FTSE are still cautious and this is likely to remain the case as long as markets stay volatile.
Yesterday, Peter Jarvis, manager of the Foreign and Colonial Eurotrust investment fund, suggested that current share price weakness could mean that people are able to snap up bargains in the European market if they pick the right firms.
Those with FTSE investments confident, research shows
Those with FTSE investments confident, research shows
Tue, 29 Jul 2008
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