18 Jul '11, 8am

(CNA|sg|biz) S'pore investor confidence at one-year high

SINGAPORE: Singapore investor confidence has climbed to its highest peak since June last year, according to financial firm Friends Provident International (FPI). It said in its July Investor Attitudes report that investor confidence, as measured by the Friends Investor Attitudes Index, rose to 21 points from 16 points a year ago. More than 60 per cent of local investors surveyed believe that the Singapore investment market has improved in the last six months. Meanwhile, 57 per cent believe that the markets will continue to improve over the next six months. Gold and cash remain the two most favoured asset classes in the second quarter of this year. Some 33 per cent of respondents said the last quarter was the best time to invest in gold as gold prices continued to rise since the second quarter of last year. FPI's general manager of South East Asia, Mr Chris Gill, said: "I t...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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