Emerging markets' sentiment rising
Investor sentiment in emerging markets is rising, with investor confidence in Asia jumping 12 points to 85 in the past quarter, according to ING's Investment Dashboard Sentiment Index.
The rise in confidence is mainly in the growing markets of China and India. Investor sentiment is stable in the other Asian markets.
However, investor sentiment in Australia slid in the first quarter of 2009, dropping slightly from 66 to 62.
Investors were almost evenly split on the effect of the financial crisis on Australia's economy. Forty-five per cent of respondents said that Australia was in recession, while 48 per cent said Australia's economy is slowing down.
Despite this, 62 per cent of Australians do not feel that the economic crisis will impact on their job security.
"These results emphasise that it's now even more imperative for investors to seek strategic investment advice from their financial adviser, so they can better weather the current environment," ING head of product and marketing Mark Pankhurst said.
AUTHOR
Benjamin Levy
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