Just 10 percent of private investors think Finland’s economy will grow over the next six months, according to a new survey.
Private investors in Finland are fairly pessimistic about the economy but are still investing more, according to a new Investment Barometer.
The survey of private investors found just 10 percent of them saying they think Finland’s economy will grow over the next six months. About a quarter of respondents said they expect the global economy to grow, while more than a third think the situation will worsen.
At the same time, the majority of investors have expanded their portfolios over the past six months. More than half of the respondents said they had increased their holdings in domestic investments. Roughly half had acquired more funds, and just over 40 percent bought more foreign stocks.
The Investment Barometer is commissioned twice a year by the Finnish Shareholders Federation lobby and its publication, Viisas Raha.
The findings of the Investment Barometer were based on responses from around 2,600 Finnish private investors. The survey was conducted online by Tietoykkönen in March and April. Respondents included members of the federation and the non-profit Finnish Foundation for Share Promotion.
According to the financial daily Kauppalehti, the Helsinki Stock Exchange’s OMX Index has risen by 8.5 percent so far this year.
