Investors are turning their back on former “safe havens” such as gold in favour of UK property and shares.
Gold has seen the largest decline in sentiment in over two years, according to the Lloyds Bank Private Banking Investor Sentiment Index.
Japanese shares saw the second biggest monthly decline in sentiment. Lloyds said the fall in Chinese markets in the past few months has likely taken its toll on Japanese equities. Commodities saw the third largest decrease in sentiment.
Sentiment is strongest for UK property at 54 per cent, followed by UK shares at 37 per cent.