Almost two thirds (65 per cent) of UK investors believe a change of government at the upcoming general election will have a positive impact on their investments, research has found.
The research, the Investor Index 2024, found this figure rose to 85 per cent of younger investors aged between 18 and 44.
AML Group senior strategist, Sarah Nunneley, said: “Investors have retained the self-reliance they gained navigating the past few years.
“With this confidence also emboldened by external market uplifts, creating not just a return in confidence, but a true revival. A new, more robust type of investor.”
However, the research also pointed out that, while the pending election has investors feeling optimistic, there are a number of factors that are contributing to an over-arching feeling of confidence.
One such reason was found to be the increased prominence of AI, with 75 per cent of investors believing that ChatGPT could provide reliable financial advice in the future.
Additionally, “home-grown” products were found to have landed well, such as the British Isa.
This Isa, which was announced by Jeremy Hunt in the spring, was found to be “embraced” by UK investors, with 66 per cent of all investors polled stating that they would use this Isa.
This figure rises to 79 per cent among those aged between 18 and 34.
As a result of all these factors, confidence among UK investors now stands at its highest level since the study launched in 2020.
The research polled 1,100 UK adults with a minimum of £10,000 invested.
tom.dunstan@ft.com
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