Shares in the UK look set to grow in popularity despite economic uncertainty, according to Virgin Money’s Investor Intentions Index.
The number of advisers recommending UK Shares has grown to 83 per cent in the past three months from 74 per cent, putting the UK market ahead of Emerging Markets and the Far East as the best homes for clients' cash.
Virgin Money's authoritative Investor Intentions Index tracks which sectors independent financial advisers are recommending to clients in 10 different investment sectors as well as where they advised their clients to invest their money during the previous quarter.
The results show that advisers are still most likely to recommend UK Shares to investors over the next three months and the number backing the UK as the best home for investors is up on February and on the same period last year.
Virgin Money spokesman Grant Bather said: "Uncertainty reigns ahead of the UK Government's emergency budget. IFAs say they are most likely to recommend UK shares but are most optimistic about returns from Emerging Markets and the Far East.
"However UK Shares remain to some extent a safe haven and are a known quantity for investors and advisers. The UK has avoided so far the worst of the Eurozone debt crisis and the Coalition Government is building some support in the markets for its plans to cut public sector debt.
"There remains an appetite for risk and the interest in the Emerging Markets and the Far East shows that investors and advisers are keen to seek out strong returns."
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