Investor Confidence falls 11% as Budget jitters dominate
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HL’s Investor Confidence Index fell 10 points to 75, a decrease of 11.2%; Confidence in UK economic growth dropped by almost 20%; Investors are concerned about rising capital gains tax (CGT) bills and potential pension reforms ahead of the UK Budget due on October 30, 2024; Japan was the only region with increased confidence, rising 7.2%; Confidence in UK economic growth fell by 14 points (19.8%) from September; Investors are more likely to buy passive funds; The Investor Confidence Index is based on a survey of 6,000 clients, with a 10% response rate.

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https://ifamagazine.com/investor-confidence-falls-11-as-budget-jitters-dominate/