Singapore’s retail investors sound increasingly gloomy over the country’s outlook as the island nation gears up to celebrate its 50th anniversary, according to a new survey.
A bi-annual survey of investor sentiment by JPMorgan Asset Management dropped to its lowest level in two years amid expectations for weak investment conditions, the firm said this week.
The number of respondents expecting the benchmark Straits Times Index to decline over the next six months nearly doubled to 21 percent in December from 11 percent in the previous survey in June. The Straits Time Index gained 6.5 percent in 2014, broadly underperforming regional peers including Indonesia’s Jakarta Composite, which shot up 15 percent.
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