UK investors remain cautious despite predicting economic nadir has passed
More than half (57%) of UK investors said they were confident the worst of the economic turbulence from the past 18 months has now passed.
This compares to a quarter (23%) who will take a high-risk approach, according to research by real estate investment platform Shojin.
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Yet, less than two in five (39%) of those surveyed were currently optimistic about the state of the UK economy, with 62% saying they are worried about the government's handling of it.
However, 48% said that despite these economic factors, their investments have still performed well over the past year. This compares to just 12% who said their investments had performed poorly.
More than two fifths (43%) of those surveyed were confident interest rates will come back down next year, suggesting inflation will have been brought under greater control.
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The survey questioned 964 UK investors, all with investment portfolios worth in excess of £10,000, not including savings and main residence.
Jatin Ondhia, CEO of Shojin, said: «It is clear from our data that the government still has its work set out to allay the concerns of UK investors when it comes to their ability to manage the economy.
»Ultimately, while the government has plenty of work ahead in regaining the trust of investors, there is a sense that 2024 will bring a little more calm and predictability than the past three or four years."
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