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PR Newswire
18-07-2011, 04:33 PM
In the article, it says "Gold and cash remain the two most favoured asset classes in the second quarter of this year." Does this mean that we'll see equity markets start to move up from here?
Also interesting to note...
Will this be Gold's final leg up? It's hyper-parabolic moment? Either way, it'll be interesting to see how things turn out in a year or two.
S'pore investor confidence at one-year high
By Amanda Feng | Posted: 18 July 2011 1609 hrs
SINGAPORE: Singapore investor confidence has climbed to its highest peak since June last year, according to financial firm Friends Provident International (FPI).
It said in its July Investor Attitudes report that investor confidence, as measured by the Friends Investor Attitudes Index, rose to 21 points from 16 points a year ago.
More than 60 per cent of local investors surveyed believe that the Singapore investment market has improved in the last six months.
Meanwhile, 57 per cent believe that the markets will continue to improve over the next six months.
Gold and cash remain the two most favoured asset classes in the second quarter of this year.
Some 33 per cent of respondents said the last quarter was the best time to invest in gold as gold prices continued to rise since the second quarter of last year.
FPI's general manager of South East Asia, Mr Chris Gill, said: "I think the main reason behind that would be that investors are looking for stored value that will give them a real return over the long term."
"Even just last week, gold prices have reached another high, so we expect that trend to continue as far as investing in gold (is concerned)," added Mr Gill.
The survey was carried out between April 25 and May 5 and it covered some 1,001 investors in Singapore.
Similar surveys were also conducted in Hong Kong and the United Arab Emirates.
The results of the survey were used to develop the Friends Investor Attitudes Index in each market.
- CNA/al
Also interesting to note...
' Wrote:Some 33 per cent of respondents said the last quarter was the best time to invest in gold as gold prices continued to rise since the second quarter of last year.
FPI's general manager of South East Asia, Mr Chris Gill, said: "I think the main reason behind that would be that investors are looking for stored value that will give them a real return over the long term."
Will this be Gold's final leg up? It's hyper-parabolic moment? Either way, it'll be interesting to see how things turn out in a year or two.
S'pore investor confidence at one-year high
By Amanda Feng | Posted: 18 July 2011 1609 hrs
SINGAPORE: Singapore investor confidence has climbed to its highest peak since June last year, according to financial firm Friends Provident International (FPI).
It said in its July Investor Attitudes report that investor confidence, as measured by the Friends Investor Attitudes Index, rose to 21 points from 16 points a year ago.
More than 60 per cent of local investors surveyed believe that the Singapore investment market has improved in the last six months.
Meanwhile, 57 per cent believe that the markets will continue to improve over the next six months.
Gold and cash remain the two most favoured asset classes in the second quarter of this year.
Some 33 per cent of respondents said the last quarter was the best time to invest in gold as gold prices continued to rise since the second quarter of last year.
FPI's general manager of South East Asia, Mr Chris Gill, said: "I think the main reason behind that would be that investors are looking for stored value that will give them a real return over the long term."
"Even just last week, gold prices have reached another high, so we expect that trend to continue as far as investing in gold (is concerned)," added Mr Gill.
The survey was carried out between April 25 and May 5 and it covered some 1,001 investors in Singapore.
Similar surveys were also conducted in Hong Kong and the United Arab Emirates.
The results of the survey were used to develop the Friends Investor Attitudes Index in each market.
- CNA/al
