Europe investor confidence up in May
Investor confidence in Europe has been boosted by 28% in the last month, according to the HL Investor Confidence Index, as the accelerated roll-out of vaccines is likely to be behind renewed optimism.
Confidence in the UK had also risen 4% in May; while Asia Pacific, Japanese and global emerging markets fell 3% to 4%.
Susannah Streeter, Hargreaves Lansdown senior investment and markets analyst, said: ‘’The catch up game being played across Europe when it comes to the roll-out of vaccines appears to have boosted investor confidence in the region by more than a quarter.
“Investors had appeared pessimistic last month about the prospects for European assets, given ongoing lockdowns and concerns about the trajectory of the virus.
“However, confidence has risen by 28% compared to April’s levels as the prospects for full economic re-opening have inched closer.”
The index was compiled by surveying 6,000 clients on a monthly basis, with about a 10% response rate.
AUTHOR
Chris Dastoor
Recommended for you
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
