Investors in UK remain cautiously optimistic regarding investment prospects for second half of 2013 as the outlook for equities continues to improve while interest for money market instruments continues to fall markedly, according to a CoreData report.
According to the report, in spite of the volatility in markets, UK investors have shown a continued appetite for UK shares placing these assets at the top of the asset class rankings.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The demand for international shares has also increased for developed markets, with greater interest in Japan, Europe and North America.
The report found that the investors remain positive due to the large fall in interest for the cash/money markets asset class, which results in many people coming off the side-lines and investing into equities.
The report states that bonds and fixed interest, which are considered low risk asset classes has also turned negative amid fears of increased volatility.
Craig Phillips, head of UK & Europe at CoreData, said: "It seems the strong markets seen in the first few months of 2013 have finally encouraged people to come off the side-lines and look in more detail at the potential benefits of investing in equities."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"However, the outlook on the whole is still blurred given on-going concerns about the long-term growth story for the UK with chancellor George Osborne continually facing calls to defer his programme of cuts in favour of stimulating the UK economy."
This study involved a distribution of respondents across five key wealth segments, six key age demographics and sex.
