BIZCHINA / Top Biz News
China remains investors' darling
(Reuters)
Updated: 2006-06-20 08:27
China and India are the favoured markets of investors living outside
their home countries, while fears about corporate governance standards in
emerging markets have waned, according to a brokerage firm's survey on
Monday.
Some 56 percent of investors said they were confident about putting money
to work in China, up from 38 percent a year ago, while 43 percent of them
said they were confident about India, unchanged from last year, according
to a poll of 400 expatriate investors in June by Luxembourg-based
brokerage internaxx.
Concerns about lax corporate governance standards in some emerging market
economies also fell over the past 12 months, the survey found. Only 3
percent of respondents said they had concerns, down from 16 percent a
year before.
"They feel there are fewer barriers to investing ... last year people
were a bit concerned about corporate governance, such as in countries
like China ... that appears to have been lowered," Robert Glaesener,
general manager at internaxx, told Reuters.
Expatriate investors living away from their countries of origin are an
increasingly important part of the investment population and typically
take a more sophisticated and international approach to managing money,
Glaesener said.
There are about 300,000 expatriate Britons living in areas such as the
Middle East and Far East, for example, while the total number of expat
employees and investors can be counted by the millions although exact
figures are hard to pin down, he said.
Among other findings, the survey showed that 81 percent of investors
claim to have either beaten or matched performance by market indices.
Investors turned less confident about the British, U.S. and euro zone
economies as places to put money, citing ageing populations, rigid labour
laws and saturated home markets as reasons for their caution.
The most favoured sectors are energy and telecoms, while retail and
mining were the least favoured.
internaxx is a joint venture between brokerage firm TD Waterhouse and
Dutch-Belgian financial group Fortis .
(For more biz stories, please visit Industry Updates)
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