Investor confidence resilient in downturn

Although confidence dipped between May and November last year, the drop was relatively modest considering investors were surveyed soon after Lehman Brothers' collapse and massive falls in the FTSE 100. The IMA uses its own scale - the IMA GB Investor Confidence Index - to measure these dips. Confidence slipped to 71, on a scale of 0-200, where the higher number indicates the greater confidence. This is only a seven point fall from May, when confidence levels stood at 78. Richard Saunders, IMA chief executive, says: "Investors are less confident than they were in May. This is not surprisi...