Investor confidence grew more cautious in June, amid the ongoing uncertainty around Trump’s tariff policy, according to Hargreaves Lansdown.
After a huge rebound in May, Hargreaves Lansdown said confidence among its clients was mixed in June, reflecting a more cautious stance than previously.
Confidence in the Japanese sector fell by 11%, while confidence in the European sector edged down 4%. Long-term Japanese bond yields have recently risen significantly, leading to concerns over higher borrowing costs and the potential for worsening public finances, the investment platform said.
Investor confidence in the UK sector also decreased this month by 1%, however confidence in UK economic growth increased by 12%.
Hargreaves Lansdown said the US saw the biggest rise in investor confidence, increasing 22%.
For a second consecutive month, the most popular fund in June so far was an actively managed fund, Artemis Global Income. However, passives remain the most popular choice with investors overall, with eight of the top ten funds being index trackers.
Within investment trusts, infrastructure was a popular choice, the data showed.
Kate Marshall, lead investment analyst at Hargreaves Lansdown, said: “The outlook for infrastructure spending remains good given the Government’s net zero commitments. Most infrastructure trusts also pay an attractive income and currently trade on large discounts, which have made them popular with investors.
“Elsewhere, a range of other income trusts investing across different regions – including the UK, Asia and Europe – have been popular with investors.”
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