This article is from page 62 of the 2008-05-06 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 62 JPG
ASURVEY of lump sum investments made by more than 25,000 custom- ers of Irish Life in 2007 shows that the average amount invested nation- ally amounted to €44,915, while the average sum invested in Clare was €32,636.58.
The figures show significant dif- ferences in the size of investment
between males and females, between the various Irish counties and in the types of investments chosen. The av- erage lump sum invested by male cli- ents in Clare was €40,000 (€52,000 nationally) while for female clients it was just over €21,000 (€33,000 na- tionally).
A breakdown of Clare investments showed that 52 per cent was in capital protected products (49 per cent na-
tionwide); 12 per cent in equity and managed products (20 per cent na- tionwide) and 36 per cent in property products (31 per cent nationwide).
Over €1.2 billion was invested by retail investors in non-pension relat- ed lump sums with Irish Life during 2007.
Irish Life spokesman Karl Symes said the size of the average lump sum invested reflected the growing
prosperity in Ireland in recent years. “The fact that the average investment amongst 20,000 different customers last year was as high as €45,000 highlights the transformation that’s occurred in personal wealth in Ire- land over the past decade,” he said. “Overall, the figures reflect a rea- sonably diverse selection of invest- ment choices. The key to choosing an investment is an individual cus-
tomer’s appetite for risk and what’s clear is that this appetite varies by customer,” he said.
According to the Irish Life survey, Clare – with its €32,636 average in- vestment – came 18th out of the 26 fo) tba alehe
Cavan topped the poll with an aver- age investment of over €71,000, with Monaghan propping up the table on SPA OWL OF