Although the current cost-of-living crisis, the economic landscape and the continuing war in Ukraine continue to raise concerns, a new study has uncovered that 80% of UK investors feel confident that their investment portfolio will provide a return during the latest financial year.
The recent survey of British investors discovered that despite economic challenges, confidence overall remains high, with only 20% of respondents stating a lack of faith in their portfolio’s capacity to bring them a return over the next 12 months.
UK consumers seek out investment advice in Chester from financial experts like wealth managers. Using their market knowledge and experience, wealth management teams offer holistic financial advice and help their clients develop strong portfolios that can weather economic storms and unprecedented situations.
Regardless of their confidence in the portfolios they possess, most investors surveyed still had concerns. The general economic climate was listed as the greatest concern, followed by Britain’s ongoing cost-of-living crisis, with the Ukraine conflict also ranking highly.
As a result of these concerns, 63% of investors commented that they plan to retain their present portfolio for the new financial year ahead, while 29% aim to make more investments. Only 8% of respondents stated they intend to reduce their current portfolio.
The study noted that regarding asset classes selected by investors, shares and stocks were most prominent, followed by bonds, individual savings accounts (ISAs), and Mutual or Index Funds.
