Investor sentiment index reveals 'cautious optimism'
Australian investor sentiment has risen from minus 22.3 points to positive 5.0 points on the IFSA/CoreData Investor Sentiment Index since the beginning of the 2009 calendar year.
The index attributed the increase to optimism about the outlook for investment markets, an increase in the feeling of financial security and improving levels of satisfaction by respondents in their own investments.
Investment and Financial Services Association chief executive John Brogden said the result demonstrates most investors are “cautiously optimistic” the outlook for investment markets is improving, particularly for Australian shares.
“Two-thirds of respondents said they expect the [Australian Securities Exchange] to perform better over the next quarter — the highest number since the survey began in 2004,” Brogden said.
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