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SG Investor confidence reaches two-year high

Property Here - Thursday, July 18, 2013

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INVESTOR confidence in Singapore reached a two-year high between May and June, before the US Federal Reserve announced it would curtail its bond-buying programme by year-end.

The JP Morgan Asset Management (JPMAM) report showed confidence reached 122 points between May and June this year, up from the 106 points recorded in December.

The index measures investor confidence on a zero to 200 scale, with zero pessimistic; 100 considered neutral and 200 extremely optimistic.

Around 500 investors with annual incomes of over S$60,000 and five years' active investment experience were surveyed, with question relating to their outlook on investments for the next six months.

It is unknown how the Fed's revelation that it would taper its quantitative easing program will affect investor sentiment going forward.

Amy Kelly, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories