Boston, MA 09/10/2014 (wallstreetpr) – Diversified financial services provider, Morgan Stanley (NYSE:MS) survey of investor pulse suggested that the economy and the stock markets would continue to remain bullish in the next 12-month period. Investors were also more bullish on their own investment portfolios. The survey results assume importance in the wake of S&P500 crossing the psychological 2000-points mark recently and the doubts over the sustainability of upbeat trend.
Survey Results
The survey conducted by the company’s Wealth Management division pointed out that 71% of high-net-worth investors believed that the economy in the U.S. would either maintain the same trend or even better in the next one-year period, a statement issued by the company said. Significantly, 87% of them also believes a similar kind of outlook for their local economy.
Investors’ bullishness was witnessed in eight top markets. High-net-worth investors in San Francisco and Chicago topped the confidence level with 79% of them expecting positive outlook for the U.S. economy. New York City Tri-State area followed it by 77% while other States, Boston, Los Angeles, Denver, and Atlanta and Houston recorded 73%, 72%, 71% and 67% respectively. They were all expecting the economy to be same or better in the next one-year period.
Among all investors, Houston investors remained most bullish with 96% of them expecting strong local economy while, in San Francisco, it was 91%. This was followed by Denver and Atlanta, where 90% expect bullish economic outlook on their local economy while other States Boston, Los Angeles and Chicago and New York City Tri-State area, 88%, 85% and 78% of the surveyed people were bullish on their local economy in the next twelve-month period.
Management Comments
Morgan Stanley (NYSE:MS) Investment and Wealth Management President, Gregory Fleming, said that the investors were feeling the gains of two straight years of robust performance in the equity markets in the U.S. despite the continued debate over the durability and sustainability of the current bull phase. Investors were also aware of the fact that higher interest rate could be on the cards once the Fed eases its cheap rate interest policy.
Interestingly, the survey indicated that two-thirds of investors from high-net-worth rely on finance professional to advice, as well as, guide.
