After a strong year for shares in the UK, private investor confidence in the asset class is at its highest since the Lloyds Bank Private Banking Investor Sentiment Index was founded.
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According to the monthly survey, over 47% of respondents hold a positive view of shares with only 9% holding a negative view. This is a strong change compared to the first survey in March 2013, where 17% of respondents held a negative view on shares.
Lloyds Bank Private Banking also shows a positive view towards UK shares and equities with an overweight position in its portfolios towards the asset class.
Ashish Misra, head of investment policy at Lloyds Banking Private Bank, said: "It’s encouraging to see investors placing more faith in the UK stock market, and good news for British companies ahead of the first earnings season of 2014. There has been a slew of positive economic data out of the UK throughout 2013, suggesting that the recovery is gaining momentum, and it’s likely that investors’ views towards the UK stock market are reflective of this."
