People are holding roughly the same amount of stocks as they did in July, according to Lloyds.
Investors are becoming more receptive to risk, as the so-called "flight to safety" trend diminishes.
This is the main finding of new investment analysis from Lloyds TSB. According to the bank, the typical British investor currently has around the same amount of share holdings (£23,000) as they did in July.
Over the first half of 2008, by contrast, the amount held in equities plunged from £52,000.
Near-unprecedented stock market volatility brought on by the financial crisis caused the FTSE 100 to lose over 30 percent of its value across 2008. This turbulence saw many investors move out of equities and into what they saw as less risky assets such as cash or even gold bars.
Indeed, the Lloyds research showed that 28 percent of stock market investors had adopted a "more cautious" position over recent months.
The appeal of cash has been significantly diminished since October by the Bank of England's aggressive interest rate cuts, which have hammered returns from mainstream savings accounts. The Bank lending rate is now 1.5 percent, with the average instant access rate now below one percent.
Nathan Moss, managing director of Lloyds TSB Wealth Management, commented: "Money is still moving to 'safer' investments, such as cash and bonds, as confidence in the future of the markets continues to be shaky. However investors should keep an eye on their long-term goals and seek professional advice before making any decisions."
