The 3rd wave of the J.P. Morgan Asset Management – ValueNotes Investment Confidence Index (ICI) in India suggests a sense of measured optimism from the financial community. The results indicate that a range of macro economic factors have affected corporates and advisors, while retail investors continue to be optimistic. Whilst confidence across all indicators remained positive, the confidence levels were lower than those seen in September 2009.
Key findings include –
Investor confidence has recorded the maximum growth, increasing 2 points, while the other two indices have declined. Corporate confidence declined 11.8 points and advisor confidence fell 5.8 points.
The Current corporate confidence of 130.7 has hit an all-time low since the ICI launch in July 2009
Among advisors, while banks continue to be the most confident (149.6) their confidence has also fallen 7.9 points, well below the benchmark “150”
Among all cities, retail investor confidence continues to be the highest in Chennai
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To read about the findings of the other waves of the Investment Confidence Index, follow the links below: