Sunday, 23 October 2016
Last updated 1 day ago
Nov 24 2010 | 8:21am ET
Affluent investors are feeling more confident than they have in a some time, according to a new survey by the custom market research company TNS.
The TNS Investor Confidence Index rose to 116 in October, its highest level since 2007, and a significant improvement on its mid-crisis low of 81 in October 2008.
The survey showed that affluent investors were feeling more confident about the likely performance of their own investments and the broader U.S. stock market over the next six months—despite economic and job growth that has been modest, at best.
Compared to earlier in the year, more affluent investors said they planned to invest more heavily in international investments (15%), commodities (11%) and real estate (10%). But fixed-rate investments still attract the greatest interest (19%).
“This increase corresponds with substantial increases in the stock markets, with the Dow Jones, S&P and NASDAQ averages each rising 10% between August 26 and October 18,” said Ellen Sills-Levy, TNS senior vice president.
The most recent index is based on a survey of 3,936 respondents with investable assets of $500,000 or more, conducted online September 29–October 25, 2010