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IFA’s optimistic about emerging markets

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by Kay Mitchell
IFA’s optimistic about emerging markets

The Virgin Money Investors Intentions Index has revealed Independent Financial Advisers (IFAs) are confident about long-term investments from Emerging Markets and the Far East.

While more than four out of five IFAs will recommend investing in UK Shares to clients over the next three months, they are more optimistic about other markets.

According to the index, the number of advisers recommending UK Shares has grown to more than 80% in the last three months from 74% – with the UK market well ahead of Emerging Markets and the Far East as the best homes for clients’ money.

However, the nationwide study of IFAs’ views found advisers to be more confident about the long-term returns from Emerging Markets and the Far East with the UK in third place.

Commenting on the figures, Grant Bather of Virgin Money, said: “Uncertainty reigns ahead of the UK Government’s emergency budget. IFAs say they are most likely to recommend UK shares but are most optimistic about returns from Emerging Markets and the Far East.

“However UK Shares remain to some extent a safe haven and are a known quantity for investors and advisers. The UK has avoided so far the worst of the Eurozone debt crisis and the Coalition Government is building some support in the markets for its plans to cut public sector debt,” he added.

Some IFAs, however, are avoiding European markets, as a result of the debt crisis with 63% of IFAs intending to advise clients to invest in this area.

Meanwhile, 51% of IFAs are likely to advise clients to put their cash into commodities in the next three months – up 12% on the previous quarter.

The Virgin Money Investor Intentions Index tracks 10 sectors in total. These are: UK Shares, European Shares, Green Investments, Cash, Commodities, Property, Bonds, Far East, Emerging Markets and Gold.

The Index details advice over the last 3 months and investment intentions for the next quarter.

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News posted: June 17, 2010

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