HL's Investor Confidence Index drops to record low

Investors wary of a ‘peacock market’

Hargreaves Lansdown's Investor Confidence Index fell 13% to its lowest level since records began during the lead-up to the US Presidential Elections.

The November HL Investor Confidence Survey, which was conducted between 1 and 7 November, fell to 59 points, the lowest level seen since the index began in 1995, beating the previous record of 61 points back in March 2008. Update: Hargreaves Lansdown launches petition over Lloyds share sale The firm said the drop was likely due to central bank policy distorting asset prices, resulting in a "peacock market," with "all puff and no substance". However, although investor sentiment has been on the downturn, markets continue to improve, with the FTSE All Share returning 13% so far this y...