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Investors still bullish as focus falls on banks

Investors still bullish as focus falls on banks

Category: Investments

Updated: 22/08/2011
First Published: 22/08/2011

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 It is now over 6 months old so the content may be out of date.

Investors remain bullish about the prospects for their investment portfolios despite the turmoil seen in the markets in recent weeks.

While the FTSE 100 and other indices around the world continued to wobble last week, a poll by Barclays Stockbrokers found investors are optimistic that a recovery will soon take place.

With the current level of the FTSE 100 around 5,100, almost half of those investors questioned expect the index to recover above 5,500 points within three months.

Of those, over a third believe the FTSE will reach somewhere between 5,500 and 6,000 points.

One in ten investors were even more bullish and think the index will top 6,000 within three months.

"We have experienced significant market volatility following recent events in the US and the Eurozone and despite the fall in the FTSE 100, our self-directed clients remain largely confident in their investment outlook," said Paul Inkster, head of product at Barclays Stockbrokers.

At the same time, investors appear to be trying to make the most of the opportunities being presented by the market fluctuations.

A week after reporting record trading activity amongst investors, TD Waterhouse has revealed that trading volumes remained high in the week ending 16 August.

Investor attention remained heavily on financial and resource stocks during the week.

Lloyds Banking Group, Barclays and Royal Bank of Scotland were the three most bought stocks during the period.

The banking giants also occupied three of the top four spots in terms of the stocks that were being sold by investors.

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