High-Net-Worth Investors Maintain Bullish Outlook on Economy, Portfolios
September 09 2014 - 10:00AM
Business Wire
Morgan Stanley Investor Pulse Poll Surveys
Investors Nationally and in 8 Top Markets
Amidst continued strong performance by the U.S. stock market,
71% of high-net-worth investors surveyed by Morgan Stanley Wealth
Management believe the U.S. economy will be the same or better 12
months from now, and 87% have a similar outlook for their local
economy.
Investors are even more bullish on the prospects for their own
investment portfolios. Fully 90% foresee their investments
performing the same or better a year from now.
“While investors clearly are feeling the benefits of two
consecutive years of strong performance in U.S. equities, the
debate continues over the length and durability of the current bull
market, and the impact and timing of higher interest rates. It’s no
surprise, then, that two-thirds of high-net-worth investors say
they rely on a financial professional for advice and guidance,”
said Gregory J. Fleming, President of Morgan Stanley Wealth
Management and Morgan Stanley Investment Management.
Investor bullishness spans eight top markets:
- In San Francisco and Chicago, 79% of
high-net-worth investors see favorable prospects for the national
economy, followed by 77% in New York City Tri-State area, 73% in
Boston, 72% in Los Angeles, 71% in Denver, and 67% in Atlanta and
Houston.
- Houston investors are most bullish on
their local economy (96%), followed by San Francisco (91%), Denver
and Atlanta (90%), Boston (88%), Los Angeles and Chicago (85%), and
New York City Tri-State area (78%).
- On the outlook for their household
investment portfolios, 95% of Los Angeles investors are bullish,
followed by 93% in Houston, Chicago and Atlanta, 92% in Denver and
San Francisco, 90% in Boston and 89% in New York City Tri-State
area.
The survey includes responses from over 1,000 investors across
the U.S. with at least $100,000 in investible assets, with
oversamples of 300 in the eight targeted markets. A third of these
households have assets of $1 million or more. The sample is
representative of 94% of total U.S. household investible
assets.
The Morgan Stanley Investor Pulse Poll was conducted via
telephone interviews among 1,000 investors nationwide with $100,000
or more in investible assets and between the ages of 25 and 75. The
survey was conducted May through July 2014. The overall survey
sample has a margin of error of +/- 3.0 percentage points, and is
higher for subgroups.
Morgan Stanley Wealth Management, a global leader, provides
access to a wide range of products and services to individuals,
businesses and institutions, including brokerage and investment
advisory services, financial and wealth planning, banking and
lending, cash management, annuities and insurance, retirement and
trust services.
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing investment banking, securities, investment
management and wealth management services. With offices in more
than 43 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
©2014 Morgan Stanley Smith Barney LLC. Member SIPC
Morgan StanleyMedia RelationsJim Wiggins, 914-225-6161orChristy
Jockle, 914-225-6827
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