Private investors regain confidence

18 March 2005
Private investors regained confidence in February after a January lull, according to a leading fund firm.

JP Morgan Fleming has revealed that its investor confidence index increased to 82 in February from January's muted level of 60, Reuters reports.

The figures take the index back to December's level, and survey respondents were more positive than they had been in January, with 38 per cent saying they felt good about the stock market's future over the next six months - nine per cent more than in January.

The index is based on the responses of about 500 private investors asked monthly to indicate their feelings about the future of the stock market, and works on a 100 score.

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