APCIMS records reduced investor activity

The Association of Private Client Investment Managers and Stockbrokers says its latest survey of the number of trades executed per day shows a a slight recovery since August, but the industry is still well off its boom time peaks. The average number of trades per day currently stands at 50,000, up from around 40,000 in August. The kicker was events of 11 September, which forced investors to reconsider their positions across a number of areas, such as equities and bonds. APCIMS says the figures lend support to the view that the financial services industry is spreading risk wher...