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Turning point seen in investor confidence

Over half of private investors believe the FTSE will rise by up to 10 per cent over the coming months, according to research by TD Waterhouse.

The survey found 55 per cent of private investors believe such a rise will occur, indicating an increase in investor confidence, and 61 per cent of investors are more confident now than they were 12 months ago.

Forty per cent say the reason for the rise in confidence is a perception of upward market momentum, 22 per cent say improved returns from investment portfolios and 16 per cent say recent market stability.

The asset class expected to perform best is UK equities, favoured by 36 per cent, followed by international equities and property, both with 24 per cent.

Corporate governance is top of a list of issues defining investor confidence, with 78 per cent citing the importance of honesty and transparency.

TD Waterhouse chief executive Michael Foulkes says: “Private investors have reached a turning point and the FTSE’s recent break through the 5,000 barrier is a strong indication that more investors are finding value in the markets.”

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