Investors are less optimistic about their financial situation in the run-up to Budget 2014, according to the latest RaboDirect's Investor Barometer.
The barometer, which measures sentiment among its investors, shows that 74% of respondents are optimistic about their financial position. That is down 9% since the barometer in June.
However, it also reveals that confidence in the global economy is holding up, with 73% of investors optimistic about the global outlook over the next three months - unchanged since June.
Confidence in the Irish economy is lower, with just 48% of respondents expressing confidence in the outlook.
But confidence about investing in the Irish property market has increased since June, with 42% of investors saying they would be optimistic about investing in the Irish property market in the next three months from just 31% in June.
That compares to 49% optimism around investment in the global property market, which saw an 8% jump since June.
''While Irish investors continue to be upbeat about the global economy, appetite for risk has fallen slightly. This can be seen in moves by investors away from emerging markets and Asia - both of which appear to have outperformed recently and now face a less certain outlook,'' commented Killian Nolan, Investment Manager at RaboDirect.
''The net beneficiary from this is clearly Europe which is seeing an improvement in its long-term outlook and this is sparking fresh interest,'' he added.