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Hong Kong investors more bullish than global counterparts, says Calastone

Hong Kong investors have a more positive market outlook compared to their global peers despite the economic uncertainty unleashed by the Covid-19 pandemic. A study by global funds network, Calastone, revealed that 58% of Hong Kong investors have made new investments since the global public health emergency. Only US investors have bought more (64%) in contrast to Australia (55%), UK (51%), Germany (47%) and New Zealand (46%). The survey also showed that 41% of investors in Hong Kong were actively making investments as they seek to capitalise on market volatility and the opportunities stemming from Covid-19. Again, the US (44%) was the sole jurisdiction with a greater proportion of active investors than Hong Kong, with the number far lower in the UK and Australia (31%). Across all the regions where participants were surveyed, millennials led the charge in terms of investment activity, showing they have a high tolerance for risk. “Hong Kong millennials show they are more optimistic than other age groups, focused on profiting from the market low and generating a return,” said Leo Chen, managing director and head of Asia at Calastone. “We hope this proactivity will keep the market moving forwards as uncertainty shows no sign of abating, with Hong Kong now tackling its third wave of Covid-19 infections,” added Chen. A total of 1,800 people took part in the survey in Hong Kong, Australia, New Zealand, Germany the UK and US. © 2020 funds global asia

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