Spanish investors overweight in funds
The Spanish investor confidence index stood at 2.49 points in the second quarter of 2018, 0.61 points down from the previous quarter, a JP Morgan report found.
The decrease of 0.61 points compared to the 3.10 points registered in Q1 2018, is explained by the share of respondents (16.6%) fearing that stock exchanges may drop in the coming months.
Conversely, some 37.1% of the respondents bet on stock exchanges growing over the next six months. From this share, some 28.1% believe that the European stock exchange will be the one growing the most, while some 22.8% point out the Spanish index, a 19.8% the Asian and a 17.8% the US stock exchange. Just 9.1% and 1% of respondents pointed out emerging markets and Japanese indexes growing the most respectively.
The report also found that the recruitment of all financial assets increased in Q2 2018, with funds, real estate, pension plans and equity investments topping the list. However and although the recruitment of deposits, notebooks and savings accounts decreased, they remain the most popular products for the majority of investors.
In this line, Spanish investors seem to follow different criteria when choosing where to invest. Some 40.1% favoured the fact of not wasting money, against 45% in the previous quarter. Some 31.6% prefer security than profitability, while 28.3% prefer to obtain as much profitability as possible.