IFAs are more optimistic about emerging market and Far East opportunities than they are about those in the UK, according to Virgin Money's Investor Intentions Index.
Around 42% of advisers expressed optimism about emerging markets, up from 32% three months ago.
A quarter are optimistic about the Far East while just 23% expressed optimism about UK shares, down from 30% three months ago.
The index also recorded a marked decrease in the percentage of IFAs advising clients to invest in UK shares, dropping from 83% in December 2009 to 74% now.
There has also been a switch away from risk-averse investments with just 54% recommending clients to invest in cash while 66% are advising bonds. This compares to 58% and 77% respectively in December.
Virgin Money spokesman Grant Bather says: "The MSCI Emerging Markets index has returned 57% in the past year and while some commentators are concerned about a bubble in the traditional emerging markets such as China and India, advisers are still more optimistic about the sector than any other.
"Clients will always be more likely to invest in UK shares than other markets but it is clear that optimism about the performance of the UK is low among advisers.
"The Far East and emerging markets are regarded as better bets for outperformance in a year which will see a UK election and the uncertainty that causes."
Virgin Money's Investor Intentions Index tracks the confidence of IFAs across the country in 10 different investment sectors as well as where they advised their clients to invest their money over the preceding quarter.
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