Investors are showing confidence in the FTSE 100, with 70 per cent believing it is well positioned for recovery.
Carried out by Barclays Stockbrokers, the poll was conducted at the beginning of July when the FTSE 100 recovered more than 8 per cent of its value following its dive at the end of June.
However, 22 per cent of investors believe the FTSE will fall further with only 8 per cent believing it has bottomed out. The UK’s top flight index is now up 3 per cent over the past 30 days and 16 per cent over 12 months.
Barclays Stockbrokers vice president Chris Stevenson says: “With market confidence returning to the FTSE, a large number of clients expressed a positive view on how the index will perform.
“However it’s also no surprise that some investors anticipate another fall to come. Market movements aside, our clients clearly chose to take advantage of the weaker market prices in June, as we saw the ratio of purchases to sales increase, compared to earlier this year.”