Investors See Market Bottom in Second Half of 2009
22 Abril 2009 - 3:10PM
PR Newswire (US)
NEW YORK, April 22 /PRNewswire/ -- In a survey of 160 institutional
investors, 85% of those surveyed expect that the market will bottom
out before the end of the first half of 2010, with the majority of
those expecting the bottom in the second half of 2009. The survey,
reaching investors in 20 countries, was conducted by
TheMarkets.com, a leading provider of research, estimates and
workflow solutions to institutional investors worldwide. The
results of the survey also indicated that investors expect a slow
recovery of the S&P 500 to pre-recession levels. Over 80% of
investors do not expect the S&P 500 to return to 1200 until
2012, and over 40% of investors do not think it will return to 1500
until after 2013. The results showed that while traditional asset
managers expect the market to bottom sooner than do their hedge
fund counterparts, they see the recovery taking longer.
Additionally, U.S.-based respondents were slightly more pessimistic
about the timeframe of recovery than those based outside of the
U.S.; both groups had similar expectations about market bottom. "We
also saw that, across the board, the sectors that investors expect
to receive the most focus over the next twelve months are
financials, energy and healthcare," said David Eisner, CEO and
President of TheMarkets.com. "What's interesting is that we're
seeing a direct tie between investor focus and governmental focus.
In addition to looking to sectors where we typically see early
signs of a turnaround, such as consumer cyclicals or
transportation, investors are honing in on the areas where expected
legislation stands to have the greatest impact." About
TheMarkets.com TheMarkets.com is a leading provider of research,
estimates, and workflow solutions to over 2400 institutional
investment management firms worldwide. TheMarkets.com is owned by:
Banc of America Securities, LLC (NYSE:BAC), Citi (NYSE:C), Credit
Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), Dresdner Kleinwort, the
commercial and investment banking division of Dresdner Bank AG, The
Goldman Sachs Group (NYSE:GS), JPMorgan Chase (NYSE:JPM), Morgan
Stanley (NYSE:MS), UBS Investment Bank (NYSE:UBS), and Thomson
Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL: Nasdaq; TRIN). CONTACT:
Jasmine Swann TheMarkets.com +1 212.812.4631 DATASOURCE:
TheMarkets.com CONTACT: Jasmine Swann, TheMarkets.com,
+1-212-812-4631, Web Site: http://www.themarkets.com/
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