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Appetite to invest 'still strong'

Nearly two thirds of people are keen to increase their investments in the coming 12 months, according to the latest research.

Some 62 per cent of those queried in an Investment Management Association (IMA) poll said they would like to invest more of their money.

In the next year, 35 per cent of investors said they hope to try new products out, and 46 per cent aim to boost the investments they already hold.

Only a fifth of respondents said they might look to withdraw their money from their investments in the year ahead.

Despite these findings, the IMA revealed that compared to the previous six months, investors now feel less confident about their prospects for the coming year.

Richard Saunders, chief executive of the association, stated: "Despite the downturn in confidence, investor appetite to add to their investments remains strong."

Copyright © Press Association 2011

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