The global financial crisis continues to influence the decision making of half of UK investors, more than a decade on since turmoil in the US subprime mortgage market almost led to the collapse of the world financial system, research from Legg Mason reveals.
Legg Mason's 2018 Global Investment Survey found 50% of active UK investors who change their portfolios regularly and plan to invest at least £10,000 in the next 12 months are still influenced by the crisis, above the global average of 50%.
Head of UK fund sales at Legg Mason Alex Barry (pictured) said the survey results demonstrate the crisis "still has a major impact on investors' psyches".
He added: "To be still discussing an event a decade later is unusual, and illustrates what a pivotal point in history the credit crisis and subsequent global recession were."
The survey of 16,810 global investors found those in Spain and Belgium were most likely to be influenced by the crisis, with 60% and 59% of investors answering so respectively.
Elsewhere, 57% of Italian investors said they were influenced by the crisis, while investors from France, the US, Germany and Sweden said the same in proportions of 56%, 41%, 37% and 30% respectively.
The survey also found 86% of UK investors believe it was important for them to review their investments regularly, slightly above the global average of 85%.
Meanwhile, 81% of UK investors said they were investing for the long-term for events such as retirement income, rather than for the short-term, ahead of the global average of 75%.
Barry added: "It is great to see so many investors treating their decisions as long-term ones, in line with the mindsight of many professional investors."
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