Market volatility and concerns about the impact of the national debt ceiling agreement have made many investors more averse to equities, according to a new report.
Boston-based John Hancock Financial, a unit of Manulife Corp., published this finding in a summary of results of a third quarter survey of investors’ views on investment choices, life goals and economic outlook. Conducted by the independent research firm Mathew Greenwald & Associates Inc., Washington, D.C., the poll surveyed 1,005 investors who have a household income of at least $75,000 and assets of $100,000-plus.
For the third quarter of 2011, the John Hancock Investor Sentiment Index score is +10, a significant drop from the +18 score in the year’s second quarter and from the +22 score of the inaugural index in Q1 2011, the report says.
Fewer than four in ten investors surveyed feel they are in a better financial position now than they were two years ago, in the middle of the recession, while the share of investors who feel they are worse off has risen.
However, most have not made changes to their investment programs. Virtually all (95%) describe themselves as long-term investors, and nearly as many (89%) feel they are savings-oriented.