Consumers drawn to familiar assets, says paxton private finance
Research from Paxton Private Finance reveals that consumers are most confident about investing in cash (39%), residential property (31%) and their private pension (31%).
In contrast, commodities (five per cent), equities (four per cent) and fixed-income bonds (four per cent) were trusted by significantly fewer investors.
Age is a factor in investment behaviour and over-60s (nine per cent) are the most interested in equity investments but they are significantly less positive about private pensions (12 per cent) than younger investors (36 per cent). This suggests that while they may be less than pleased with the performance of their pension, they still have residual faith in equities following periods of excellent returns during their lifetime. Over-60s who have arguable benefitted most from the UK housing boom also have the most faith in this asset class.
To view our full article, please see: https://www.wealthadviser.co/2013/03/08/181389/consumers-drawn-familiar-assets-says-paxton-private-finance