Spanish investors' confidence grows for fourth straight quarter - JP Morgan report

Eugenia Jiménez
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Spanish investors' confidence grows for fourth straight quarter - JP Morgan report

The Spanish investors’ confidence index stood at 2.82 points in the third quarter of 2017, compared to 1.73 recorded in the previous quarter, thanks to the positive forecasts investors have on financial markets’ growth, a JP Morgan report found.

Some 46.6% of the respondents noted to be appreciating the first signs of economic recovery. From this share, four out of ten believe employment rates will improve over the next six months, while 25.2% bet Spain will be fully exiting the economic crisis in two years, against 17.3% considering so in Q2.

From those with positive views, 37.4% of investors forecast stock markets’ increases will occur over the next six months, while 13.3% feel they are likely to fall.

The survey also found that the recruitment of all financial assets increased in Q3 2017, 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 33.4% prefer security than profitability, against 21.7% preferring to obtain the greatest profitability.

 

 

 

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