More investors expect better local, global economic environment in next six months

Slightly over half of those polled believed Singapore's benchmark Straits Times Index would rise in the second half of the year, up seven percentage points to 53 per cent six months ago.
Slightly over half of those polled believed Singapore's benchmark Straits Times Index would rise in the second half of the year, up seven percentage points to 53 per cent six months ago.PHOTO: ST FILE

SINGAPORE - Retail investors are becoming more confident in their outlook for the stock market and the economy in the next six months, but remained mixed about increasing their investments during this period, the latest half yearly survey of investor sentiment by J.P. Morgan Asset Management shows.

Mr Brian Tan, head of fund sales at JP Morgan, told a media briefing that the tenth J.P. Morgan Investor Confidence Index rose three points to 116 in June 2015 from 113 in December 2014.

Slightly over half of those polled believed Singapore's benchmark Straits Times Index would rise in the second half of the year, up seven percentage points to 53 per cent from six months ago.

More respondents, 42 per cent, were expecting a better local and global economic environment in the second half of 2015, compared to 37 per cent previously.

Despite the positive outlook on the stock market and the economy, the survey showed that the majority of respondents, 52 per cent, would maintain or decrease their current investment amount.

jkoh@sph.com.sg