Advisers ditch equities for cash and bonds

Emerging market and UK equities in particular have fallen out of favour with IFAs over the past three months, according to Virgin Money’s Investor Intentions Index. Around 86% of advisers told Virgin Money they will be recommending clients invest in cash over the next quarter, while 83% will advise bonds. Cash and bonds have become the top two sectors in the latest survey, knocking emerging markets and UK equities off the top spots. However, 78% of adviser will still recommend UK shares, meaning they have not yet completely fallen off advisers' radars despite a highly volatile stock mark...