More fund managers optimistic about stock markets: HSBC

Updated: 2011-09-07 15:34

(Xinhua)

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BEIJING -- More fund mangers held optimistic views about Greater China's stock markets in the third quarter on expectations that monetary tightening measures will end soon, Shanghai Securities News quoted HSBC as saying on Sept 7.

About 57 percent of surveyed fund managers said they would hold more shares in the Greater China region, HSBC said in a report issued on Sept 6.

The figure is up from 25 percent for the second quarter of this year, the report said.

"Global fund managers are turning to emerging markets for investment opportunities, especially the Greater China region, as they keep expecting the region's tightening measures to end," said Chen Jingjun, manager of the retail banking and wealth management division of HSBC China.

Inflationary pressures are also expected to ease in the rest of the year. China's August inflation data is expected to be no higher than 6 percent, compared with a 37-month high of 6.5 percent in July.

Meanwhile, 83 percent of fund mangers are pessimistic about euro-zone bond markets, and 50 percent harbor negative attitudes regarding the region's stock markets in the wake of its widening sovereign debt crisis, it said.

The survey was conducted among 12 leading global fund agencies over the July to August period. Capital held by the surveyed firms stood at $4.4 trillion by the end of the second quarter, or 17 percent of the global market's total, the report said.