Intermediaries are less likely to face customers demanding short term high performing investmen...
Intermediaries are less likely to face customers demanding short term high performing investments in 2002. Attitudes have significantly changed according to research for Wesleyan Assurance Society.
This change in outlook has been explained by the stock market volatility of 2001. Many investors are now prepared to take a longer-term view and accept lower performance for the sake of more secure returns.
Six out of ten investors were found to have changed their attitude to investment for 2002 in light of last year's volatility.
Peter McNamara, managing director, commented: "Before the stock market falls in 2000 and 2001, many investors rode the wave of high market performance and were prepared to weather the potential risks, confident of rewarding returns on their money. Many investors have had their fingers burned and our research has found that their investment attitude is now much more cautious and longer term, with low risk exposure and steady investment returns."
The research was conducted by NOP between November and December last year and involved 951 British adults.
63% were 'more focused on making solid, steady investments'
58% are now 'prepared to accept potentially lower performance for a securer return'
58% are now 'taking a longer approach to investments'
46% are now 'taking fewer risks with their investments'
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