Stockmarket volatility is prompting a flight to short-term safety as IFAs advise clients to invest in cash and bonds, according to the Virgin Money Investor Intentions Index.
The index revealed cash and bonds as the top two sectors chosen by advisers for the next three months and a shift in sentiment away from emerging markets and UK shares. Around 86pc of IFAs are advising clients to invest in cash over the next three months, with 83pc opting for bonds. UK shares have not completely fallen out of favour, with 78pc of IFAs choosing them. Property and commodities have declined in popularity, however, with only 41pc of IFAs choosing property for the next three months and 40pc going for commodities. Scott Mowbray, spokesman at Virgin Money, said: "The shift to...
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