Tags: Wealthy | investors | confidence | financial advisers

DeVere Survey: Wealthy Investors' Confidence Hits Seven-Year High

By    |   Wednesday, 19 March 2014 10:04 AM

Well-to-do investors feel more confident about the investment outlook for the next year than they have at any time since 2007, according to a survey from deVere Group financial advisers.

The firm surveyed 756 of its clients with investible assets of more than $1.5 million in the United States, Great Britain, Asia, the United Arab Emirates and South Africa.

A total of 57 percent of respondents are bullish on the investment outlook for the next 12 months, compared to 53 percent in 2013 and 59 percent in 2007. A total of 77 percent of respondents now feel committed to investing more over the 12 months.

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"Overall, the world looks a safer, more normal place now for high-net-worth investors than it did this time last year," Tom Elliot, the deVere Group’s international investment strategist, said in a statement.

DeVere Group CEO Nigel Green attributes the increased optimism to "the U.S. economy performing strongly even with quantitative easing being tapered, the eurozone returning to growth, and the U.K.’s potential of reaching 3 percent GDP growth this year, amongst other key factors."

Meanwhile, a survey of wealthy investors by New York Life's MainStay Investments found that they are increasing their allocations to alternative investments, while cutting their cash and stock holdings, Investment News reports.

About 60 percent of those that had alternative investments increased them in the last year, and 25 percent expect to lift their holdings in the future, according to the poll.

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Well-off investors feel more confident about the investment outlook for the next year than they have at any time since 2007, according to a survey from deVere Group financial advisers.
Wealthy,investors,confidence,financial advisers
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2014-04-19
Wednesday, 19 March 2014 10:04 AM
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