Investors left cold by energy firm attention
27 November 2013
- Halifax Share Dealing finds retail investors cautious over knee jerk reactions to recent coverage of UK energy firms
Investors are refusing to make knee jerk reactions in the wake of the recent price hikes by energy firms which sparked a wave of media coverage and resulted in a grilling by MPs, according to the latest Halifax Share Dealing Market Tracker.
The survey of active retail investors found more than half (59%) say the media attention will have no impact on the make up of their portfolio in the short term. Just 10.8% say they will be reducing their exposure to the energy sector, with a further 10% saying they will actually be increasing their exposure here.
Damian Stansfield, managing director of Halifax Share Dealing, says:
"Sustained media coverage can have an effect on any sector in the short term, but investors with a long-term investment strategy do not make decisions to change their portfolio lightly.
"Despite the recent coverage of the energy sector, investors are reporting it has had little impact on their strategy. There has been no immediate shock and energy and mining stocks remain widely held by retail investors, however they will no doubt be using all the research tools at their disposal to follow developments here."