Fund investor sentiment has plunged to a new low as inflation continues to surge, dropping to lower levels than during the coronavirus pandemic.
A survey from Boring Money conducted between the end of June and start of July found that sentiment was lower among investors than the previous trough recorded in the third quarter of 2020. The survey of 1,500 fund investors also found that UK equities remain the most popular asset class, with 28% of investors reporting intentions to increasing holdings over the next year. However, UK equities also saw the largest fall in future confidence, down from 40% in Q2 2020 and 35% this time last year. Holly Mackay, CEO of Boring Money, said: "Sentiment has fallen, and consumers are feeling...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes