JPMorgan Fleming research of investor attitudes shows an increasing number continue to lose confidence on figures reported in January.
The figures show more, 37%, remain convinced the stock market will go higher in six months’ time than those who do not, 21%, the provider says.
However, 42% remain “neutral” in their outlook, expecting neither gains nor losses over the next half year.
Share prices hit a two-year high in April, albeit off a severe low point following the three-year bear market, which has spooked some investors, JPMF says. Others are concerned about rising interest rates, with the Bank of England battling rising house prices and consumer borrowing.IFAonline
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