10 Jan '13, 4am

Investors bullish on business prospects: survey #PR

Jan 10, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Cheryl Tay : Singapore investors are now more upbeat about their investment outlook than they were six months to one year ago, a sign that the rally in the country’s bourse may continue in the coming months, revealed a survey by JP Morgan Asset Management. The JP Morgan confidence index, which is conducted every six months, rose to 106 from 101 during the previous survey and 86 last year. A reading below 100 indicates pessimism, while a reading over 100 signifies optimism. “This is no doubt influenced by the progress we have seen over the past six months where the risk of a financial meltdown in Europe is largely reduced,” said Andrew Creber, Head of Singapore business at JP Morgan Asset Management. The Straits Times Index (STI) also rose 1.5 percent since 1 January 2013, on the back of signs o...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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