Franklin Templeton Investments conducted a global survey that 50 % of the respondents plan to invest outside their home country in 2011
Mumbai: Franklin Templeton Investments conducted a global survey to find investors sentiment towards worldwide investment. The survey found that 50 per cent of the respondents plan to invest outside their home country in 2011.
The survey covered 13, 076 people in 12 countries. 60 per cent of the respondents think their own country’s stock market will increase in 2011. However, only 33 per cent believe it will perform better compared with rest of the world indicating a preference to invest outside their home markets in the coming years.
“With an improved global economic outlook, investors are increasingly looking worldwide for investment opportunities. A diversified portfolio today is no longer just a mix of asset classes but also a mix of geographies.” said Greg Johnson, President and Chief Executive Officer of Franklin Templeton Investments.
The survey found that respondents in India are optimistic about the current state of global economy. Among Indian respondents, almost 58 per cent believe that India’s stock market did better than the global markets in 2010 and 61 per cent think it will do better in 2011.
The study also reveals 53 per cent of Indian respondents believe that mutual funds are best suited to meet long term goals.
Mr. Harshendu Bindal, President, Franklin Templeton India said, “The survey clearly shows the growing optimism in India about the state of the economy and growth prospects. Despite this confidence in local markets, it is interesting to note that many people are considering increasing their global exposure over the coming years. We believe this is a positive trend as it helps Indian investors diversify their portfolio across countries and asset classes.”
