Qualified advisers answering your
Financial Questions
call 0800 092 1245

Investors advised to cash in shares

Drops in the value of equities means that a move into cash is advisable, Standard Chartered Private Bank has indicated.According to a note from the financial firm, investors should become "underweight" in shares within their portfolio - in order to take advantage of cheap deals as prices continue to fall in months to come.The comments come following another month of credit crunch-induced turmoil on the exchanges, which has seen the UK's flagship FTSE 100 index lose around ten per cent of its value."The big challenges of 3Q08 [ie, the third quarter or this year] are pretty much the same set of concerns that underpinned our bearish view of financial markets in 2Q08," the note stated."They include the likelihood of more credit market losses; another spike in credit spreads; a new round of disappointment with economic data; divergence between high earnings growth expectations and disappointing reported earnings; high oil prices; and rising inflation in the face of falling...growth."Markets are unraveling at a rapid pace and sentiment is deteriorating with it."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details