Schroders: Italian investor confidence low
Only 28% of Italian investors are optimistic about the next 12 months, Schroders Global Investment Trends Report says.
The report, which surveyed 14,800 investors in 20 countries across Europe, Asia and US, shows that Italian investors are among the most pessimistic in Europe about the future of financial markets and keep investing in low risk and low return products.
While only 28% of Italian investors are hopeful about investment opportunities in 2013, 38% expects a negative scenario.
According to the research, 37% of Italian investors interviewed are looking at cutting on asset management investment by an average of 6%; 27% will increase it, while 36% will not change their policy about it.
Conversely, other European investors expect to raise asset management investments (35%) and only 21% are looking at cutting it.
Half of Italian investors (54%) will invest between €10,000 and €30,000, while only 8% said they will invest €100.000 or more.
Compared with last year, investor confidence is curbed by macroeconomic factors in Italy. While the eurozone debt crisis is a common worry across Europe, Italian investors are less concerned about a raise in fiscal pressure (from 63% to 44%).
Among Italian investors’ top concerns about investments in the next 12 months, political uncertainty (43%) and slow economic recovery (35%) play a major role. As Schorders’ report highlights, Italians are less worried about market volatility instead (29%).