Investors reckon recovery will continue
THE share price recovery is set to roll into next year thanks to government efforts to kick-start economies, a poll showed yesterday.
More than 75 per cent of investors were confident of a neutral or positive equity market outlook in 2010, according to the Global Investor Review survey of 150 major investment banks.
The driver of the higher confidence was government stimulus packages worldwide, the study by public relations firm Financial Dynamics said.
Opinions on the financial sector varied, with some investors naming it among their most favoured areas, but others saying it was least preferred.
Healthcare and technology firms were favoured most, while consumer-related groups were least popular.
Asia Pacific investors are most upbeat and Asia and the US were the most preferred investment areas, but UK?investors were most pessimistic.
Investors are sceptical about European firms and the UK.
FD’s global chief executive Charles Watson said: “Whilst confidence has improved dramatically since the start of the year, markets will increasingly reflect fundamentals and not sentiment.”