High Net Worth Investors Say “All of the Above” on Energy
January 26 2015 - 9:05AM
Business Wire
58% Favor Development of Alternative Energy; 68% Want
Development of Keystone Pipeline; 53% Favor Fracking, with Wide
Regional Differences; Climate Change Seen as Real, with Human
Impact
Morgan Stanley today announced that when it comes to developing
and investing in energy, high net worth investors say “all of the
above.” While they favor development of alternative energy sources
over traditional ones, a majority wants to see the Keystone Oil
Pipeline completed (68%) and supports hydraulic fracturing
(fracking) of shale deposits to develop oil and gas resources
(53%).
These are key findings of Morgan Stanley Wealth Management’s
semi-annual Investor Pulse Poll, which surveys a national sample of
investors with investable assets of $100,000 or more, a third of
whom have assets exceeding $1 million. These investors see a mix of
traditional and alternative energy sources as being the top
investment prospects for 2015, including natural gas (76%), solar
(61%), petroleum (53%) and wind (52%).
While almost twice as many investors favor expanding development
of alternative energy sources (58%) over traditional sources (29%),
they are bottom-line focused when it comes to their own portfolios.
Rate of return is cited by 91% as the top consideration when making
an energy investment. However, they say energy independence (72%)
and environmental impact (67%) are also significant
considerations.
Investors show broad-based support for Keystone
Pipeline
A majority of U.S. high net worth investors favor completion of
the Keystone Pipeline (68%), and this is true across all but one of
eight major metropolitan areas surveyed. Support is highest in
energy center Houston (83%), followed by Atlanta (75%), Denver
(69%), New York City tri-state (67%), Chicago (65%), Los Angeles
(64%), and Boston (56%).
Only in San Francisco does a majority of surveyed investors
oppose Keystone. There, only 46% support the project.
Wide variance in regional support for fracking
As might be expected, energy production centers Denver (73%) and
Houston (71%) show the highest support among high net worth
investors for fracking, followed by Atlanta (64%). While a majority
(53%) of respondents supports fracking nationwide, it enjoys only
minority support in New York City tri-state (48%), Los Angeles
(47%), Boston (46%), Chicago (43%) and San Francisco (37%).
Majority says climate change is real
Nearly two-thirds (65%) of high net worth investors say climate
change is having at least some impact on the planet, with 39%
perceiving a great deal of impact. And, a substantial majority of
71% says that human activity is a contributing factor to climate
change.
The Investor Pulse Poll surveyed 1,008 high net worth investors
during the fourth quarter of 2014. High net worth investors account
for 94% of total U.S. household investable assets by value,
according to Federal Reserve data. Oversamples were obtained in the
eight metropolitan areas cited.
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 further information about Morgan Stanley, please visit
www.morganstanley.com.
CRC 1099373 01/2015
Morgan StanleyMedia RelationsChristy Jockle,
914-225-6827orMargaret Draper, 914-225-6369
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