Investor confidence in Singapore improved in the second quarter, according to an Investor Attitudes report by Friends Provident International (FPI).
The report, based on an online survey of 1,000 investors by ICM Research, revealed a five-point increase to 17 in the Friends Investor Attitudes Index compared to the last survey in Q1. This is a notable improvement after two waves of decline.
In addition, 42 percent of respondents predicted improvements in investment markets in six months, more than the 30 percent in Q1.
Chris Gill, General Manager for FPI in South-east Asia, attributed the rise in confidence to Singapore’s strong GDP growth last month and lesser anxiety over the Eurozone crisis.
However, he noted that the survey had to be taken into context as it was done from 23 April to 7 May, prior to the bad news about Spanish banks and market jitters over the Greek elections. Even so, rising investor confidence corresponds to the rebound of equities/shares, property and currency markets since their decline in 2011.
According to FPI, which also studied Hong Kong and the UAE, Singapore had the highest investor confidence among the regions.
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