October brings Investor confidence

According to research by Lloyds Bank, investor confidence has grown so far this month. The Lloyds Private Banking Investor Sentiment index showed an improvement in eight out of ten asset classes, and an overall four percent rise in investor-net sentiment.

Writing today for City AM, Billy Bambrough points to Japanese equities and emerging market equities as being responsible for the greatest improvements in confidence. However, as Ashish Misra, head of portfolio specialists at Lloyds Bank Private Banking, alleges: “with the US Federal Reserve not raising interest rates in September, and ongoing concerns over China, there is still much uncertainty in the global economy.”

Misra did add, though, that it was encouraging to see “the strength of the sterling dominated asset classes which continue to keep levels of (UK) sentiment in positive territory”.

What’s more, after an arguably sparse Summer a number of London flotations are returning. Retirement housing developers McCarthy and Stone, which construct complexes across the UK, has announced plans to float in London next month. The firm is looking to raise £70m to support expansion plans. Share registrar company Equiniti also recently set up a price range for an upcoming IPO, in which it hopes to raise £315m.

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