Investors 'moving away from riskier equities'

Recent positive activity in the equities market has not stopped many professionals looking for less risky investments, according to one expert.

Market strategist at City Index Joshua Raymond noted that industry specialists are not convinced that a 50 per cent equity rally in the sector is enough.

He remarked today (October 29th): ’European markets fell two per cent, led by weakness in the miners and banks as investors continued to exit riskier equities.’

Mr Raymond stated that mining has seen a ten per cent drop since the beginning of the week and this has caused the largest drag on the continent’s indices.

Reports of weaknesses at financial institutions such as Northern Rock, Lloyds and Royal Bank of Scotland also continue to ’rattle investors’, he added.

Daniel Tubbs, fund manager at BlackRock, recently commented that emerging markets may be of interest to investors.

Russia, Brazil and the Middle East are all regions that display growth in excess of that in developed countries, he said.
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