Despite a much-needed rally for global markets in recent weeks after a turbulent start to 2016, investor confidence levels have dropped to their lowest levels in three years and a number of global risks on the horizon are unlikely to lift their mood anytime soon.
According to the monthly Lloyds Bank Private Banking Investor Sentiment index, investor confidence has dropped to its lowest level since the study was launched in March 2013; driven primarily by a change in attitude towards UK equities. The study notes sentiment may be lagging the market, with the hit suffered by stocks plunging into bear market territory at the start of the year still fresh in the minds of many. However, there are undoubtedly many risks to a more sustained recovery lurking on the horizon, not least the UK's referendum on EU membership on 23 June. But while manager...
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