Hong Kong investors are now more optimistic about equities and non-traditional investment products amid an improving US economy, according to a survey released by global asset management firm Legg Mason.
Equities are the top choice, with 56 percent of the respondents saying they will invest in this product in the next 12 months, said Matthew Schiffman, the firm’s managing director and head of global marketing. For now, only 24 percent of the respondents have investments in stocks.
Meanwhile, 48 percent said they will invest in non-traditional products such as hedge funds and exchange traded funds. Globally, the average for this type of investments is 26 percent.
On average, Hong Kong investors see a 6 percent return, 2 percentage points lower than their expectation, the survey showed.
The favorable market sentiment is a result of an improving US economy, with more investors preferring equities as a tool against inflation, said Freeman Tsang, director of business development and head of China and Hong Kong.
The survey was conducted in December 2013 and January this year, with 202 respondents in Hong Kong.
– Contact HKEJ at [email protected]