A recent survey conducted in the US by Harris Interactive on behalf of the global investment management firm, Alliance Capital, showed that 71% of savvy (experienced, for those non-jargon speakers among you!) investors surveyed believe that the market will increase over the next twelve months, with 10% expecting a significant increase. The survey was conducted by the asset management company in order to obtain information about investors' current habits, their market outlook, and their use of, and attitudes towards investing techniques.
Alliance Capital's executive vice president, Michael Laughlin said that the results were somewhat unexpected: 'We were surprised to find the strong confidence in the stock market's ability to rise, given the lack of optimism about the market in general' he said. 'However, the survey findings suggest that investors are responding pragmatically, planning to diversify their portfolios with different strategies, companies and industries.'
When questioned about their planned investing techniques over the coming year, 74% of respondents said that they intended to diversify their portfolios, with 49% planning to do this by investing in more and different types of companies, and the same amount planning to expand into investments with different strategies, such as growth or value investing. 43% responded that they would be investing in more, and different types of industry, and slightly more than one quarter said that they would be broadening their horizons by investing in different asset classes.
Whilst additional diversification, can only be a good thing, global diversification seems to be strangely absent from the minds of US investors. Winthorp H. Smith Jr., chairman of Merrill Lynch, recently cautioned American investors to diversify on an international level in order to reduce risk and encourage higher returns. From the results of this survey, though, it doesn't seem like the message is getting through…
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