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Public is still wary of equities

Active investors have faith in the stockmarket but the general public still prefer property, according to a sur-vey by the Association of Investment Trust Companies.

The research reveals that 71 per cent of active investors believe the stockmarket will outperform the housing market, up from a figure of 52 per cent last October.

Forty per cent of the general public believe property is the best way to make returns, the same level as six months ago, compared with 11 per cent backing the stockmarket to give better returns.

The figures show that 58 per cent of active investors plan to increase their stockmarket exposure over the coming months, up from 46 per cent six months ago, while just 4 per cent of the public plan to do so.

More than a quarter of active investors say their confidence in equities has been buoyed by recent stockmarket rises.

Four out of five investors are putting their money into UK companies, with 33 per cent believing the smaller companies sector is the most attractive area. However, 69 per cent of the public do not have and Isa and have no plans to take out an Isa this year.

AITC communications dir-ector Annabel Brodie-Smith believes investors need to get out of the habit of buying when prices are high as regular investing removes the emotion involved when making a decision to invest and gives consumers lower risk.

She says: “We are surprised that despite much media coverage on the supposed instability of the housing market, the man on the street still seems turned off equities. The investment ind-ustry needs to work together to help restore confidence in equity investment, and education has an extremely important role in this.”


C&G sets discount and tracker loans at 4.89%

Cheltenham & Gloucester is offering two new prem-ium tracker and premium discount mortgages. The two-year premium tracker mortgage will track at 0.14 per cent over the Bank of England base rate until April 30, 2007. It is offering a current rate of 4.89 per cent. The two-year premium discount mortgage offers a discount of 1.85 […]

Chilton on mortgages

The most striking thing about lender discussions this year is a real desire to improve margins on their mainstream books. This has always been a pretty clear objective but there is a new determination in the way this is being expressed and it is being evidenced by the reluctance of the mainstream lenders to embark on a price war despite market volumes being depressed.

Eurolife sells 50m life book to Reliance Mutual

Eurolife Assurance Group has made a start in its bid to raise assets to fund its restructuring proposals with the sale of its 50m life book – Eurolife Assurance Company – to Reliance Mutual.


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