Investor confidence is rising steadily and is now nearing the level it was at in April 2001, according to JPMorgan Fleming.
JPMF's investor confidence index rose from 84 in December to 92 in January, nearing April 2001's all-time high of 103. It also reveals that 44 per cent of investors believe the stockmarket will be higher in six month's time, an increase of 4 per cent over the month. Just 17 per cent think it will be lower (19 per cent in December).
Head of market research Peter Brewster says: “Clearly, the continued flow of impressive global economic news, combined with a fairly buoyant stock market, is helping to maintain relatively high levels of investor confidence.”