By Alice Ross
The strength of the euro is now the top concern of private investors, according to a survey, surpassing worries over inflation, recession and unemployment.
A crisis in the euro was cited as the economic outcome most feared by 26 per cent of 1,767 people surveyed by Dianomi, the financial marketing group. Just 9 per cent cited a euro crisis as their main concern when the survey was last carried out in January.
The questionnaire aims to provide a barometer of private investors’ concerns and activities.
Fears over a recession and inflation also loomed, with 17 per cent and 16 per cent of investors respectively citing the outcomes as their greatest worry.
In contrast, just 3 per cent said deflation was their main concern, while lower property prices were the biggest fear for 4 per cent of those surveyed.
As of July this year, investors said they were considering buying gold and silver, as well as equity growth and equity income funds. Dianomi said it was the first time that investors had showed more enthusiasm for the precious metals than for equity funds.
Foreign currency, gilts and corporate bonds were the only asset classes that more investors said they were thinking of selling than buying.
Investors were very negative on the euro, with nearly half describing it as a “sell”. They were positive on the Swiss franc, Australian dollar and Canadian dollar.
Meanwhile, 60 per cent of those questioned said they would not be willing to pay fees upfront for financial advice, ahead of a ban on financial advisers taking commission from 2013.
Investors also expressed a dislike of performance fees, with 75 per cent saying they thought fund managers should not levy the additional charges on top of their normal annual management charge. Just 20 per cent said they had invested in a fund that charged performance fees.
Source: http://www.ft.com
The strength of the euro is now the top concern of private investors, according to a survey, surpassing worries over inflation, recession and unemployment.
A crisis in the euro was cited as the economic outcome most feared by 26 per cent of 1,767 people surveyed by Dianomi, the financial marketing group. Just 9 per cent cited a euro crisis as their main concern when the survey was last carried out in January.
The questionnaire aims to provide a barometer of private investors’ concerns and activities.
Fears over a recession and inflation also loomed, with 17 per cent and 16 per cent of investors respectively citing the outcomes as their greatest worry.
In contrast, just 3 per cent said deflation was their main concern, while lower property prices were the biggest fear for 4 per cent of those surveyed.
As of July this year, investors said they were considering buying gold and silver, as well as equity growth and equity income funds. Dianomi said it was the first time that investors had showed more enthusiasm for the precious metals than for equity funds.
Foreign currency, gilts and corporate bonds were the only asset classes that more investors said they were thinking of selling than buying.
Investors were very negative on the euro, with nearly half describing it as a “sell”. They were positive on the Swiss franc, Australian dollar and Canadian dollar.
Meanwhile, 60 per cent of those questioned said they would not be willing to pay fees upfront for financial advice, ahead of a ban on financial advisers taking commission from 2013.
Investors also expressed a dislike of performance fees, with 75 per cent saying they thought fund managers should not levy the additional charges on top of their normal annual management charge. Just 20 per cent said they had invested in a fund that charged performance fees.
Source: http://www.ft.com
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