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Confidence in equity investments is back, says Virgin Money

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Confidence in equity investments has dramatically revived with 79 per cent of UK IFAs advising clients to invest in UK shares over the next three months compared with just 57 per cent i

Confidence in equity investments has dramatically revived with 79 per cent of UK IFAs advising clients to invest in UK shares over the next three months compared with just 57 per cent in February, according to the latest results from the Virgin Money Investor Intentions Index.

However, it is not just UK shares that have benefited – advisers are now more likely to recommend equities across the board with increased confidence in European shares, emerging markets and Far East shares.

Confidence in investing in commodity funds, gold and property funds has also increased dramatically in the past three months.

Virgin Money says the renewed appetite for risk is reflected in a drop in intentions to invest in cash and bonds: 59 per cent of IFAs will advise investors to put money into cash over the next three months compared with 67 per cent in February; and 79 per cent are advising bond funds compared with 83 per cent in February.

Far East shares recorded one of the biggest increases with 68 per cent intending to advise clients to invest over the next three months compared with just 46 per cent in February. Emerging markets saw a surge from 46 per cent to 75 per cent in the quarter.

Virgin Money spokesman Grant Bather says: ‘Better returns now outweigh the relative security of cash investments. IFAs quite rightly sought the safety of cash and bonds when banks were desperate to improve liquidity and equities were so unpredictable. But in the past three months confidence is starting to return and while there’s a long way to go these are promising signs.’

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