11th January 2012
Investors are pulling out of European market equity funds due to continuing and rising concerns over the debt crisis that is gripping the region.
Research from retail investment platform Skandia showed UK equity funds saw a 7.49 decline in investment over the last quarter of 2011 in comparison to Q3, while cash/money market investment was down by 13.06 per cent.
However, investment expert at Skandia Graham Bentley commented: "The FTSE Eurotop 300 index is up about ten per cent since early October so once again this shows the pitfalls of trying to time the market."
He added that in times of market uncertainty, it is imperative that investors hold a well-mixed portfolio, targeting numerous areas and assets in order to see profitable returns.
The news follows a rise on the FTSE 100 index yesterday (January 10th), after positive movement in the global commodity sector buoyed markets.
Reuters reported the blue chip index gained 0.8 per cent in trading to stand at 5,658.89 as of 16:54 GMT.
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