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LGT Asia Investor Sentiment Survey

How do high net worth (HNW) investors in Asia expect the markets to perform in the near future? And what are their thoughts on current topics in the financial markets? The LGT Asia Investor Sentiment survey ascerts the investor sentiment as well as the views on the global economy, trade and other related topics of high net worth investors in Singapore and Hong Kong on a quarterly basis.

Key findings 2/2019: HNW investors less positive about the future

 

Our interpretation of the survey results for the second quarter of 2019 is that investors in Hong Kong and Singapore turned more bearish in light of global trade tensions and ensuing slower economic growth. We detect a more defensive tilt in asset allocation (greater preference for US stocks and real estate, in particular) and an interesting bifurcation in investment horizons: we see both an increase in respondents who have a shorter or longer equity-holding period. This can potentially be explained in that some investors are weary of trade related news flow, and are trading more frequently. Alternatively, for those taking a longer-term view, they may be thinking that it is best to hold onto existing investments and ride out the volatility, in the hope that the US and China resolve their differences amicably, in due course.

About the survey

The LGT Asia Investment Sentiment survey was conducted between 3 June and 16 June, covering 307 HNWI (154 based in Singapore and 153 in Hong Kong). The online questionnaire featured 60% males and 40% females, with the age brackets ranging (18-35), (36-50) and (50+ years); each bracket represented roughly one third of total respondents. Each individual in the survey has at least USD one million in liquid, investable assets, with 32% holding more than USD two million. Eighty-eight percent have at least one account with a wealth management firm; one-half of those respondents have relationships with two or more wealth managers. During the survey period, global equities (MSCI AC World) advanced +3.78%, West Texas Intermediate (WTI) crude oil dropped -1.39%, gold gained +1.83% (all in USD terms), and the US dollar (DXY index) was largely unchanged.

Important Note

This document has been prepared for information purposes only. It does not constitute investment advice, nor is it to be construed as an offer, recommendation, or solicitation to enter into any transaction or to adopt any hedging or investment strategy, in respect of any securities, funds, structured products or any other financial instruments (“financial instruments”). 

This document is provided for general evaluation purposes and should not be used as a basis for making any investment decisions. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and has not been prepared for any particular person or class of persons. The financial instruments mentioned may not be suitable for, or available to, every investor.  Potential investors should refer to the relevant offering documents and other product documentation and seek advice from a financial adviser regarding the suitability of any such financial instruments before any investment decision or commitment is made. 

This document is not research material and has not been prepared in accordance with legal requirements designed to promote independence of investment research and does not necessarily represent the views of every function within LGT Bank AG and/or its associated entities (collectively “LGT”). The information and any opinions contained in the document given have been obtained from or based on sources that are believed to be reliable. LGT makes no representation or warranty of any kind relating (but not limited) to the accuracy or completeness of any information in this document.  Whilst the information in the document is believed to be reliable, it is only indicative in nature and has not been independently verified by LGT. LGT accepts no liability whatsoever for any direct, indirect consequential loss arising from or in connection with any use of, or reliance on, this document. 

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