The confidence of private Dutch investors is at the highest level in thirteen months. Confidence rose sharply in February. This is evident from ING’s Investor Barometer. Investors see the economy, their own financial situation and the value of their own investment portfolio as rosy.
The stock markets have been rising since the beginning of this year, mainly due to reduced concerns about rising interest rates and an economic recession. ING’s confidence index will reach a level of 116 this month. That was 98 in January.
ING says that in the past month more than half of investors (57 percent) saw value growth in their investments. In January this was still 25 percent. Most investors (52 percent) also expect the value of the portfolio to increase in the next three months. In January this was 39 percent, according to the bank.
‘It’s remarkable what a difference a year makes. Where in December almost all financial and economic data were still interpreted and received negatively, since the start of this year it has been exactly the other way around. And the stocks that were penalized the most last year are now recovering the most,” said Bob Homan, head of the ING Investment Office.