UK investors have changed their tune on the British stock market, with the number holding UK equities having jumped by 10 per cent over the last three months.
In Etoro’s Retail Investor Beat, which surveyed 1,000 UK investors, 80 per cent said they now have cash in UK equities, the highest level in over a year.
This optimism for UK equities was largely driven by younger investors, with 39 per cent of 18 to 34-year-olds backing their home market to outperform over the next five years.
In contrast, only nine per cent of those aged over 55 opted for the UK, instead predicting that the US (24 per cent) and emerging markets (21 per cent) would see the strongest gains.
The push into UK equities seemed to be driven by a shifting macro environment. A total of 44 per cent said…
