Indian investors most optimistic among Asian counterparts: ING
Indian investors are the most optimistic lot among their Asian counterparts and have a "bullish" outlook of the stock markets despite the ongoing global credit crisis, a survey by global financial institution ING Asia/Pacific has revealed.
Cut the cackle in the caveat, SEBI directs fund housesAccording to the survey 'Investor Dashboard,' India retained first place in being the most optimistic market during the first quarter of 2008, but investor sentiment rose a minuscule 0.6 percent compared to the same quarter of 2007. During the first quarter of calendar year 2007, India's investor sentiment index was 167, and rose to 168 for the first quarter of 2008, it said.
Every quarter, the survey tracks and measures investor sentiment and behavior of mass affluent investors from 13 Asia-Pacific markets including China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Japan, Australia and New Zealand.
However, the markets in Japan, Australia and New Zealand were not included in the sentiment index score.
Each market covered is assigned an investor sentiment score ranging from 0 (signifying least optimistic) to 200 (most optimistic). For instance, ING Investor Dashboard's pan-Asia market sentiment index fell to 125 for the first quarter of 2008 from 135 for the last quarter of 2007, tracking the global credit crisis and the economic slowdown in the US.
In terms of investors' optimism, China came second with an index score of 136.
The Japanese were the least optimistic lot, followed by investors in Taiwan and Singapore, the survey noted.
Hong Kong and South Korea also saw the sharpest falls in confidence from three months ago, as they are more sensitive to a downturn in the US, ING said.
According to Vineet K. Vohra, India head of ING Investment Management, the Indian and Chinese markets have "young" investor bases, which tend to be more positive in their investment outlook and have bigger appetite for risks.
The survey suggested that Indian investors are getting more aggressive on the stock markets compared to their Asian counterparts as only 67 percent of investors in India, compared to more than 73 percent respondents from Asia (other than Japan) expect the credit crisis to impact their investment decisions in the April-June quarter of this year.
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