Investor confidence in an immediate economic recovery remains modest, the latest survey from TD Waterhouse has found.
56 per cent of the 1,002 UK investors surveyed said that more time needs to pass until an economic recovery is certain. Fifty-three per cent said that they now rely on their own investment decisions compared with 12 months ago when they would have sought financial advice.
Angus Rigby, chief executive officer of TD Waterhouse UK, said that it is interesting to note the mixed views regarding the shape of the economy, adding that this illustrates that investors do not believe we are 'out of the woods'.
He added: 'The ongoing global turmoil has obviously given investors food for thought regarding their investment choices this year, and it is encouraging to see that investors are still making profits despite adopting a cautious investment approach.
'Six in ten respondents stated that they are satisfied with the performance of their portfolio in the current economic climate.'
Despite the general trend towards caution, UK investors are becoming more satisfied with the performance of their portfolios.
The majority (60 per cent) said that they were content with how their portfolio had done over the previous year – which translates into a 16 per cent increase in satisfaction on the same period last year.
Investment in UK companies remains the most popular way to invest among those surveyed, with 85 per cent of respondents declaring that UK companies are a part of their portfolio. Meanwhile, 37 per cent held shares in international companies.
UKCIG Investment News, December 2009
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