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Investors confident the stock market will perform well, says Brewin Dolphin

Despite the banking markets crisis and the collapse of Northern Rock’s share price, 42 per cent of investors are confident that the stock market will perform well over the next three months, says Brewin Dolphin.

The research shows that 11 per cent of investors plan to increase the value of their stock market-linked investments, compared to only 4 per cent who intend to reduce them.

However, 79 per cent believe that the current problems in the credit markets will lead to an economic slowdown in the UK, according to Brewin Dolphin’s inaugural Investor Sentiment Index.

The survey shows that 55 per cent of investors believe that volatility in the stock market presents buying opportunities, yet the findings suggest that a far smaller percentage would be willing to put this to the test.

Brewin Dolphin director of corporate affairs Charlotte Black says: “Our Investor Sentiment Index shows that despite most investors fearing that problems in the credit markets will lead to an economic slowdown, attitudes towards the stock market – at least over the short term – remain largely positive.

“Indeed, valuations in equity markets are tempting with the FTSE 100 currently selling on a 12 months forward p/e ratio of 11.5 times. Most investors rightly recognise that turmoil for some means opportunities for others and many should benefit when markets begin to steady. An important lesson from the last few days is that investors should always approach the market with an experienced partner.”

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