Friends Provident International (FPI) survey on international investor attitudes shows a decrease in confidence in the markets and fears of rate rises.
Overall the survey shows a decrease in confidence with the index scores either dropping or staying the same, across the regions.
Singapore has dropped five index points from 21 to 16, as equities/shares and property reveal the sharpest decline in popularity. However, all asset classes have dropped in favour except collectables, which have remained stable. FPI says that the UAE leads the group for the first time with an index score of 17 but this has dropped one point from the last quarter. The static index score of 15 in Hong Kong masks a significant decrease in the popularity of equities/shares and property asset classes. says FPI. There’s no change of attitude in the perceived safe haven of gold as it maintains the lead as the most preferred asset class.
The investment outlook in the current market and the market in six months’ time has declined significantly across all three regions, with Hong Kong showing the lowest level of confidence, followed by Singapore. In Hong Kong, over 50% of respondents believe that interest rates will rise in the next six months.
Commenting on the findings Paul Tunnicliffe, Managing Director, says, “For the first time since the research began there has been a significant drop across all three regions in the number of investors who would choose a short term investment strategy. Our research was conducted just prior to the global markets turmoil created by the stock market plunge and the US debt crisis; this explains the cautious attitude revealed in the results of this wave.”
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