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Affluent Chinese investors more confident than global peers, survey finds

Affluent Chinese investors are more confident than their global peers about investment prospects this year, a private survey showed.

Chinese investors scored an average 7 points on a scale of 1 to 10 when asked about their outlook for 2014, according to a survey released today by Legg Mason Global Asset Management. Ten is most optimistic.

The global average was 6.8 points. American and Colombian investors were the most confident with an average of 7.2 points, the survey found. Japanese investors were the least optimistic with an average of 5.5 points. 

The survey, which was carried out in December and January, involved 4,320 affluent investors across 20 major financial markets. Of those, 201 were on the Chinese mainland with an average US$2.5 million in investable assets.

Chinese respondents showed more interest in equities with 41 percent planning to increase their allocation in stocks this year, compared with 37 percent among all respondents, the survey showed.

The survey also found a gap between the targeted rate of return and actual return from investments. Chinese respondents said they were seeking a mean annual return rate of 10.4 percent while their average actual return was 6.7 percent.

Inflation and increasing market volatility were among major concerns for Chinese investors, according to the survey.




 

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