So far this year advisers appear quietly and cautiously optimistic.
This is not the exuberant optimism that followed the 2009 stockmarket falls, which simply reflected the sweeping relief that financial markets had not quite disintegrated, nor had City traders flung themselves from their office windows in droves.
This gentle optimism is much more welcome and potentially more sustainable than the emotion-led highs and lows of the previous few years.
The latest Celsius report, a quarterly investment sentiment indicator produced by Financial Times Publishing, reveals that advisers have increased risk appetite for equities; increased confidence in growth asset classes and IMA sectors; and increased appetite for a larger number of IMA sectors since last quarter.
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Source: Anna Lawlor, www.ftadvisor.com