Independent financial advisers (IFA) are becoming increasingly optimistic about investments in emerging markets while confidence in UK shares is falling, according to a new survey.
The latest Virgin Money Investor Intentions Index shows that 42 per cent of IFAs believe emerging markets will show good returns, up ten per cent on the previous quarter, while 23 per cent have most confidence in UK shares, down seven per cent from three months ago.
Grant Bather, a Virgin Money spokesman, believes that, despite fears of an economic bubble, markets like India and China are proving attractive.
He said: "Clients will always be more likely to invest in UK shares than other markets but it is clear that optimism about the performance of the UK is low among advisers.
"The Far East and Emerging Markets are regarded as better bets for outperformance in a year which will see a UK election and the uncertainty that causes."
A survey by Interactive Investor recently found that 40 per cent of private investors are planning on investing in established emerging markets this year.
Increasing confidence in emerging markets investments
Increasing confidence in emerging markets investments
Thu, 01 Apr 2010
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