The Spanish investor confidence index stood at 3.10 points in the first quarter of 2018, compared to 1.46 points registered in the previous quarter, thanks to the positive predictions investors have on financial markets’ growth, a JP Morgan report has found.
Some 55.8% of the respondents considered Spanish banks were in good shape regarding solvency. From this share, four out of ten believe employment rates will increase over the next six months, while 35.8% are confident that public pensions in Spain are guaranteed over the next 15 years.
From those with positive views, 37.9% of the respondents bet on stock exchanges growing over the next six months, and from this share one out of four considers it arises from the current economic situation’s improvement.
The survey also found that the recruitment of all financial assets increased in Q1 2018, with pension plans, equity investments and mutual funds topping the list. However, deposits, notebooks and savings accounts remain the most popular products for the majority of investors.
In this line, respondents seem to follow different criteria when choosing where to invest. Some 45% of the respondents valued the fact of not losing money, while 29.3% prefer security than profitability, against 25.6% preferring to obtain the greatest profitability.
According the survey, Spanish investors seem to be less worried about Catalonia’s political crisis in Q1 2018 compared to the previous quarter.