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Laxman Pai, Opalesque Asia: About 70% of surveyed institutional investors said that the outbreak is affecting their daily investment-related operations, including current trade executions and forecasting investments, and pacing plans for the remainder of the year.
According to Eaton Partners' latest LP Pulse Survey, an overwhelming majority of institutional investors opined that the coronavirus outbreak is already having an impact on their investing activity and many doubt the U.S. government's ability to effectively combat the crisis.
The survey revealed that the levels of institutional investor confidence in the US government's ability to contain pandemic are varying. While 13% are very confident in the government's ability, 49% are somewhat confident, and 38% are not confident at all.
Coronavirus (29%), market valuations (29%), and a potential U.S. recession (33%) are the factors respondents believe will have the most significant impact on their near-term investment strategy.
Most (70%) believe interest rate cuts by the U.S. Federal Reserve are not an appropriate remedy to the coronavirus crisis because the problem is biological, not financial, in nature.
Despite the apprehension, 78% say they will not reduce or pull capital out of specific geographic regions because of coronavirus.
Three-quarters (75%) admit they've made changes to their business activity as coronavirus fears intensify, including less travel and more phone calls a...................... To view our full article Click here
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