Brits with private wealth still planning to invest

At least 62 per cent of UK private wealth investors intend to increase their investments over the next 12 months despite their confidence falling over the last six months.

Such is the main finding of the Investment Management Association's (IMA) Confidence Index, which was released yesterday (November 7th).

It was found that just 85 out of a possible 200 were still confident about the current economic markets, down from 104 six months ago.

However, 62 per cent still intend to increase their portfolios, with 35 per cent planning to invest in a new financial product and 46 per cent expecting to add to their current investments.

Richard Saunders, chief executive of the IMA, said: "Despite the downturn in confidence, investor appetite to add to their investments remains strong.

"Our survey suggests that UK investors are far from panicking."

It was also found that 49 per cent of private wealth investors intend to plunge money into equities, followed by 27 per cent who will be investing in fixed income.

Two new funds have recently been launched by Aberdeen Life, which will offer equity like returns with reduced volatility, as they will focus on Asia and emerging markets.
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