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Worldwide investment 'improving'
Monday, 08 Mar 2010 05:04
According the Investment Management Association (IMA), 2010 has begun well for investment in Britain, with a substantial rise in managed funds.
In January 2009, a total of £357.1 billion was invested in funds under management.
However, by January 2010, this figure had risen to £470.1 billion.
The chief executive of the IMA Richard Saunders commented: "Equities proved more popular than bonds, in contrast to a year ago. Equity investors appear to be becoming more adventurous, preferring the global, Asian and North American sectors to the UK and Europe."
The review suggests a geographical shift in investment patterns as many businesses look to the world-wide picture.
Last year the IMA revealed that investment in UK equity income was the most popular choice.
Major investment firm Threadneedle recently announced plans to extend its Asian team, suggesting a growing interest in the developing market.
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