Defence pays dividends for private investors
Companies talk takeovers, but will they get done?In the 12 months to end-November, private investors had dumped almost 3 billion pounds of holdings in these two sectors.
By contrast, utilities and telecoms stocks - defensive sectors whose shares tend to outperform in weak markets - only fell 5.6 percent and private investors ploughed 1.9 billion pounds into these stocks.
"Private investors are not as credulous and easily led as they are often depicted," added Capita's Roundhill.
"They consistently sold into strength as the stock market peaked, carefully refocused their holdings to prepare for stormier economic weather and took advantage of clear buying opportunities when those appeared.
"With bricks and mortar no longer such a solid investment, the advantages of good dividend yields and the ability to diversify one's risk, make shares look more attractive."
Capita Registrars' "Private Investor Watch" captures the trading activity of more than 1.6 million private investors. The figures for December and January are based on over 120,000 separate trades.
- 1 Local private investors could miss an upturn
- 2 BoE expected to hold interest rates steady at 5 pct
- 3 Markets see ECB rates on hold through first half of yr
- 4 Fears of slowdown could veer China into trouble
- 5 BP Russian partners say row solved
- 6 U.S. corporates look to hedge as dollar rebounds
- 7 Utility windfall profits in tax spotlight
|
- 1 June retail sales fall less than expected
- 2 Economic slump not as bad as the 90s
- 3 Lloyd's of London chairman calls for tax cuts
- 4 Utility windfall profits in tax spotlight
- 5 U.S. corporates look to hedge as dollar rebounds
- 6 Bank holds rates but cuts seen in 2009
- 7 Fears of slowdown could veer China into trouble
|
|
