Investment managers are optimistic going into the final quarter of 2020, according to the latest CBI (Confederation of British Industries) and PwC Financial Services Survey.

Sentiment among investment managers sat at net positive +41 for September 2020. This is an increase from +24 in June and -73 in March 2020.

Year-on-year there has also been an improvement. In September 2019, the industry’s optimism was -15.

The survey results use the balance statistic, which is the difference between the percentage of respondents replying ‘more’, ‘above normal’ or ‘up’ minus the percentage replying ‘less’...