Poll Shows Stock Market Slump Scaring Off Swiss Investors

Ulrika Lomas, Tax-news.com, Brussels

21 March 2001

A poll commissioned recently by Swiss newspapers the Tages-Anzeiger and L'Agefi showed the Swiss to be taking the downturn in the world's stockmarkets to heart. According to the poll, nearly a third of active Swiss investors plan to stop buying shares, bonds or other securities as the slump in the markets continues apace.

The poll interviewed more than 2,000 Swiss from the German and French-speaking regions, 29 per cent of whom said they would call it a day as far as investing was concerned. A further six per cent said they would move away from securities to other forms of investments.

The Tages-Anzeiger said that 40 per cent of Swiss investors plan to continue investing in stocks - 20 per cent will maintain their level of investment, 5 per cent will increase it and 15 percent will reduce it.

Quite a substantial number of Swiss investors lost out on their investments in 2000, according to the poll, with around 17 per cent of those interviewed having lost money.

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