Investors to scramble further away from bonds into stocks

Michael Bow
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THE SHIFT out of bonds is set to continue as new figures out today show renewed appetite from UK investors for buying stocks over the coming 12 months.

More than a third of British moneymakers are planning to invest their hard-earned cash in securities over the next year, with over a half saying equities offered the best place for their money compared to 16 per cent for bonds, the poll from Schroders showed.

Booming equity markets – including an 11 per cent increase in the FTSE so far this year – is driving the rise.

“UK investors risk missing other growth opportunities by keeping large sums of money in cash-based savings,” Schroders’ Robin Stoakley said.

Despite this, the Eurozone crisis remains a concern, with two thirds citing it as a worry for their investment strategy,