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Equities finding favour again

Equities finding favour again

Category: Investments

Updated: 17/09/2009
First Published: 17/09/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Growing consumer confidence in equities is seeing investors increasingly desert cash and return to stocks and shares, new research has suggested.

According to Virgin Money, the number of advisers recommending their clients to invest in cash has fallen, from 86 per cent this time last year to just 55 per cent now.

Confidence in cash has evaporated during that time with just seven per cent of advisers thinking it will deliver the best returns, down from 18 per cent a year ago.

Meanwhile, the proportion recommending UK shares to investors has increased to 80 per cent, up from 78 per cent at the same time last year.

Almost half (45 per cent) of advisers said they were most optimistic about UK equities in delivering the best return for their clients' investments, up from 29 per cent a year ago.

"The FTSE is on the up and while it will be a gradual and at times unpredictable improvement, there seems to be a quiet acceptance that UK shares are recovering from the downturn," said Virgin Money spokesman Grant Bather.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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