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IFAs 'recommending UK shares' to clients

IFAs 'recommending UK shares' to clients
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More financial advisers are recommending that their clients invest in UK shares over the coming months, something that may be of note to people looking to learn how to be a trader.

Virgin Money's Investor Intentions Index showed that 79 per cent of independent financial advisers (IFAs) have offered this tip to their customers over the past three months, a rise from 57 per cent in February.

In addition, IFAs have become more likely to advise people to invest in European, Far East and emerging markets shares, the company noted.

Commenting on the trend, Virgin Money representative Grant Bather remarked: "Better returns now outweigh the relative security of cash investments."

He added: "Confidence is starting to return and while there's a long way to go, these are promising signs."

It comes following comments from Nick Serff, an analyst at City Index, who said that mining and energy firms have been the leaders in trading over the past few days as a seven-month high in crude oil prices was recorded.
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