Friends Provident International said its latest, re-launched, Investor Attitudes Report, found 75% of Hong Kong respondents are optimistic about the financial markets over the next six months compared with only 50% of respondents in Singapore.
The survey also found that 82% of respondents in Hong Kong expected QE3 will increase inflation and 85% plan to change their investment mix to hedge against the inflation risk.
David Knights, general manager of Friends Provident International Hong Kong, said: “The majority of Hong Kong’s affluent respondents believe that yet another round of quantitative easing will likely lead to higher inflation, with 20% telling us that inflation will significantly increase, and 62% saying it will moderately increase.
“In response, 85% of respondents have overwhelmingly expressed their intent to change their investment mix should inflation indeed begin to rise. The confidence that Hong Kong’s aspiring affluent and affluent respondents have in tracking market changes means that they also feel more secure, particularly in comparison with their counterparts in Singapore.”
