The indices for both countries were at their highest levels since FPI began compiling the report, in June 2010.
"We are seeing strong index results for the UAE and Singapore and a steady return to confidence among investors,” said Rocco Sepe, managing director international at Friends Life. “The results reveal an optimistic outlook that suggests local markets are becoming increasingly attractive."
The UAE index registered the biggest gain, growing by five points. At an asset allocation level, all asset classes except cash received increased support, reflecting greater confidence in investment markets. Gold and cash remained the most popular classes, however, with readings of 32 and 30 respectively.
Singapore’s index rose by one point, to 21. Investor confidence in equities and bonds fell slightly, but appetite for all other asset classes in the survey increased. Sentiment on the investment outlook was stable, with about two-thirds of respondents saying that the investment market had improved and would continue to improve. Gold and cash were the most selected asset classes.
Data for Hong Kong showed a more wary attitude among investors. The country’s index fell for the second consecutive quarter, as respondents demonstrated the lowest confidence in market performance since the launch of the report – just 52% predicted an improvement within the next six months. Support for most asset classes fell, with gold and equities remaining most popular.
The survey was conducted by ICM Research and the total sample size was 2,766. Online surveys were carried out in each country between 25 April and 6 May, 2011. To read a full copy of the report click here.
