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International investment grows as confidence in UK slows, says TD Waterhouse

Share ownership in international companies has increased by 10 per cent over the last 12 months as confidence in the UK falters, according to a survey from execution-only stock broker TD Waterhouse.

The firm’s latest investor confidence index shows that international investment is growing as confidence in the UK market wanes, with forty two per cent of investors buying shares in companies listed outside the UK in 2008, against 32 per cent in 2007.

Sixty four percent of the 1002 active investors surveyed are less confident in the UK stock market than they were 12 months ago, more than doubling the figure which stood at 30 per cent in 2007.

However, despite the uncertain economic and market climate 86 per cent continue to hold shares in either UK or international companies.

Thirty eight per cent say they are most likely to invest in Asia in the year ahead, up from 19 per cent in 2007. US investment is also gaining in popularity with 31 per cent of investors choosing it as their market of choice for 2009, up from 24 per cent last year.

Forty five per cent of investors are adopting a more cautious investment strategy in the current downturn with 24 per cent transferring money to ‘safer’ investments.

TDWH chief executive Angus Rigby says: “We are coming to the end of what has been an extraordinary year in the world’s financial markets. People’s attitudes to investing have certainly been affected, yet the appetite for investing in stocks and shares is very much in evidence. Increased investment in overseas markets combined with lower risk investment products shows that investors are determined to balance the level of risk they are taking with their portfolios.”


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