Hong Kong Confidence Rose Before Market Correction – JP Morgan

J.P. Morgan Asset Management (JPMAM) announced the results of its 36th quarterly survey conducted for the J.P. Morgan Investor Confidence Index (JPMICI) in Hong Kong from 1 June to 23 June.

The Index is designed to reflect local investor sentiment towards the Hong Kong market over the next 6 months. The latest quarterly results show that investor confidence has risen, with the overall index rating soaring by 12 points to 123 and all Sub-Indices showing an increase.

The Hang Seng Index Sub-Index shows the largest increase, jumping 17 points to 137. The Hong Kong Investment Environment & Atmosphere Sub-Index rises by 14 points to 125, whereas both the Value of Investment Portfolio Sub-Index and Amount of Investment Sub-Index rise by 11 points to 128 and 122 respectively.

The Hong Kong Economic Environment Sub-Index and the Global Economic Environment Sub-Index rise by 10 points to 115 and by 6 points to 109 respectively.

Daniel Chui, Head of Investor Communications at JPMAM, said “The latest findings manifest that the overall investor confidence has been on an upward trend. Obviously, the recent market correction would have impacted on the trajectory, but the Index itself is designed to reflect investor’s views on the course of next 6 months, not just current sentiment. Once the market is stabilised, we believe investors will regain their confidence as illustrated in the high rating on Hang Seng Index, Value of Investment Portfolio, Hong Kong Investment Environment and Atmosphere, and Amount of Investment sub-indices.”

 

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