Nearly half of investors (47 per cent) believe FTSE will rise in the next three months.
Barclays Stockbrokers, 28 July 2008
Despite the FTSE dipping in and out of bear market territory in recent weeks, research from Barclays Stockbrokers* reveals investors are retaining their confidence in the market. Almost half (47 per cent) have faith in the FTSE and believe it will rise over the next three months. A further one in eight (12 per cent) believe it will stay the same. However, the poll also revealed just over two fifths of respondents (41 per cent) do not share this optimism – saying they believed the FTSE would drop in the next three months.
Des Byrne, Head of Barclays Stockbrokers, says: “It is encouraging to see investors remaining bullish despite recent market volatility. While we would expect our clients to become more cautious there are bargains to be had and investors shouldn’t lose faith now. Although the findings do reveal that two-fifths are still wary, and if market volatility continues this level of caution is likely to persist.”
* Results taken from those clients who took part in a Barclays Stockbrokers web poll (15 July 2008 – 22 July 2008):
In the next 3 months I think the FTSE will...
(Total 2301)
For further information contact:
Caroline Wells / Nicola Hankey
PR, Barclays Wealth
020 7114 7435 / 020 7114 9813
OR
Katie Hayward / Katherine Hobby
Lansons Communications
020 7294 3631 / 020 7566 9704
katieh@lansons.com / katherineh@lansons.com
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