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. Vir...
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