Europe investor confidence up in May
Investor confidence in Europe has been boosted by 28% in the last month, according to the HL Investor Confidence Index, as the accelerated roll-out of vaccines is likely to be behind renewed optimism.
Confidence in the UK had also risen 4% in May; while Asia Pacific, Japanese and global emerging markets fell 3% to 4%.
Susannah Streeter, Hargreaves Lansdown senior investment and markets analyst, said: ‘’The catch up game being played across Europe when it comes to the roll-out of vaccines appears to have boosted investor confidence in the region by more than a quarter.
“Investors had appeared pessimistic last month about the prospects for European assets, given ongoing lockdowns and concerns about the trajectory of the virus.
“However, confidence has risen by 28% compared to April’s levels as the prospects for full economic re-opening have inched closer.”
The index was compiled by surveying 6,000 clients on a monthly basis, with about a 10% response rate.
AUTHOR
Chris Dastoor
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
