The latest JPMorgan Fleming index of private investor confidence has fallen to its lowest level so ...
The latest JPMorgan Fleming index of private investor confidence has fallen to its lowest level so far this year after 40% of respondents to the survey said they believed the stock market would continue to fall in the next six months.
That represents a doubling since February in the number of investors who feel stocks are going to lose their value.
Just 28% of the 500 investors surveyed believe that the market will rise, and 32% say they are undecided.
JPMF says the survey shows investors want to see some steady gains in the FTSE 100 index before turning more cash into shares, although they are more willing to pool money with other investors to share risk.
Net sales of open ended funds has remained positive every month this year, JPMF says, but, still, most investors are looking for more than then current 3.5% FTSE 100 yield before committing further funds.
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