IRISH INVESTORS ARE now positive about Ireland’s future, according to RaboDirect’s Investor Barometer. The measure, which has been tracking investor sentiment since April 2010 has, for the first time, recorded a positive in this regard. The barometer is based on the responses of 413 RaboDirect customers who held investment accounts as of January 2013
The results also showed that 55 per cent of people were confident about the outlook for the Irish economy over the next three months. There was a greater confidence shown (at 64 per cent) in relation to the global economy over the same three month period.
When asked whether they were confident about their own financial situation over the next three months, 76 per cent were, a drop of two percentage points on last September.
While their own personal confidence dropped slightly, 80 per cent of investors responded that they saw value in holding stocks, compared to 72 per cent in September 2012.
Where assets were concerned, the preference of respondents was as follows
51 per cent preferred equities
25 per cent preferred cash
20 per cent preferred bonds
Three per cent preferred property
Preferred markets to invest in
When asked where investors were most likely to invest, the breakdown was as follows:
42 per cent in emerging markets
20 per cent in the US
19 per cent in Europe
19 per cent in Asia
While noting the upbeat nature of Irish investor confidence, investment manager at RaboDirect Killian Nolan said that “on-going austerity measures in Ireland are taking their toll in terms of how investors view their personal finances”.