13 January 2010 / by Rebecca Sargent
Investors’ confidence in the FTSE has increased by 29 per cent for 2010, compared to last year, research from Barclays Stockbrokers has revealed.
According to the research, 44 per cent of investors are bullish for 2010, confident that the recent rally in the FTSE will continue. This is an increase of 29 per cent compared to the 34 per cent of investors who felt the same way about the FTSE at the beginning of 2009.
Meanwhile, 22 per cent of investors confessed to having a bearish outlook for the FTSE this year, saying they do not expect the markets to recover properly.
Commenting, Barbara-Ann King, head of investments at Barclays Stockbrokers said: “The highs and lows of the FTSE over 2009 clearly did not deter investors showcasing confidence in their outlook and remaining active in their investments.
“Investors have faced, and still face going into 2010, unprecedented challenges throughout the economic crisis, but many are clearly using this as a chance to take advantage of opportunities,” she added.
At the start of 2010, it was almost a decade to the day since the FTSE 100 was at a high of 6930, while the decade low was 3287 in March 2003: “A threshold we came close to revisiting at the start of last year,” Ms King adds, saying:
“There is evident optimism to remain active going into the new year.”
© Fair Investment Company Ltd