The International Adviser Confidence Barometer has bought out that the advisers confidence levels has fallen to a below average score of 4.9 out of 10.
The figure is the lowest score recorded in the last 12 months.
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Further, it has been stated that the Eurozone crisis has resulted in European and UK advisers both reporting a sharp drop in confidence levels, with those based in the UK noting the biggest decline, averaging a score of just 4.8 out of 10, down from 5.5 last quarter.
Meanwhile, Europe and UK also has reported below average confidence in their local economies compared to advisers in Asia who are significantly more confident in their local economies than the global economy.
Advisers in Singapore reported the highest confidence levels with a score of 6.8 out of 10.
Moreover, Other Emerging Markets Equities was the second most popular investment sector followed by North American equities.
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By GlobalDataContinuing volatility and the unpredictable behavior of the global stock markets in Q2 had also affected investor behavior with over half the financial advisers surveyed reporting that their clients had become more risk averse and invested less during the period.
