Cash Savings Remain UK Investors’ Top Asset Class

HYCM recently commissioned an independent survey of more than 900 UK-based investors to investigate which assets are most promising or most desired by investors in the coming year.

As part of its findings, the survey showed the most popular ways for UK investors to place their money. 70% of the respondents had put their money into cash savings, while 40% invested in stocks and shares and another 38% invested in property.

A recent study has found that up to 70% of UK investors have put their money in cash savings, with others making plans to do the same.

In the survey, investors were also asked about their investment plans for the new year. 38% of them said they would be put more in their savings accounts, while 27% said they have plans to buy more stock and 21% have plans to invest in real estate and property development.

Additionally, results showed that the least popular asset classes among UK investors were cryptocurrencies, forex and classic cars, which were only favoured by about 21%, 20% and 19% respectively, while another 18% said that they have plans to invest in cryptocurrency during 2021.

Also noteworthy, was the optimistic approach of investors towards business in the wake of COVID-19. Though 39% of respondents claimed that their finance and investment plans were seriously affected by the COVID-19 pandemic, about 72% were confident that they had a good grip over their portfolios in the current climate, and 53% are confident that they will be in a stronger position once the pandemic ends.

HYCM’s Chief Currency Analyst, Giles Coghlan, in a statement, said that the findings of the new survey were notably in agreement with those conducted at the beginning of the pandemic.

“While fiscal and monetary stimulus have been positively received by the market, investors are still treading carefully. This is why cash remains king, despite interest rates being at record lows,” he added.

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