According to the results of a recent survey, confidence is increasing among affluent investors in the US.
The TNS Investor Confidence Index rose to 116 in October, which is its highest level since hitting 129 during the peak years of 2007.
Despite only modest economic and job growth, affluent investors were feeling more confident about how their own investments and the broader US stock market will perform over the next six months.
"This increase corresponds with substantial increases in the stock markets, with the Dow Jones, S and P and NASDAQ averages each rising ten per cent between August 26th and October 18th," noted Ellen Sills-Levy, senior vice-president at TNS.
Indeed, this higher confidence is reflected in affluent investors' buying plans. Compared to earlier in the year, more affluent investors said they planned to invest more heavily in international investments
(15 per cent), commodities (11 per cent) and real estate (ten per cent).
- Monday 29 November 2010