Investors shying away from projects

THE global economic downturn has resulted in wealthy investors becoming unwilling to inject money even in viable opportunities, according to a new survey, while those based in Ireland are among the most conservative.

The survey – conducted among more than 2,000 investors globally by Barclays Wealth and the Economist Intelligence Unit – maintains while nearly 90% of investors can still see opportunities, despite the recession, 68% of them are choosing to ignore them; fearful of further price falls.

The survey also found that investors based in Ireland and Spain are the most conservative.