Today's Coming Crisis Movie

Wednesday, May 16, 2012

Panicky investors lose faith in City stock pickers and are bailing out of shares amid current economic turmoil

Panicky investors have lost faith in highly-paid City stock pickers and are bailing out of shares amid the current economic turmoil.

A Money Mail investigation has revealed how desperate High Street investors have finally lost faith with professional fund managers who have consistently failed to deliver the goods.

And many ordinary savers are quitting funds that hold stocks and shares from some of Britain’s biggest companies for supposedly safer bonds and gilts.

The FTSE has yo-yoed wildly in the past ten days following political and economic upheaval in Europe, driven by fears that Greece is ready to quit the euro and other countries such as Spain may also be in worse health than believed.

The flight from shares has already begun to show up heavily on fund flows compiled by the Investment Management Association. Read More