More than a quarter (28pc) of stockmarket investors have moved some or all of their money into more cautious investments, such as cash or bonds, as a result of market turbulence, according to the latest Investor Outlook report from Lloyds TSB Wealth Management.
The report also revealed a sharp drop in the average amount invested in equities, from £51,000 in December to just £23,000 today - a decline of 55pc. Of those who have made recent changes to their investments, 44pc moved some or all of their money into more cautious investments, while 5pc shifted their entire portfolio. One in seven (14pc) kept their stockmarket investments the same and put money in other investments, while just 9pc invested more in equities. Significantly, almost half of those who modified their investments did so as a result of press commentary, while just 30pc took...
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