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Investor sentiment continues recovery
Investor sentiment is continuing to improve, according to new research released by the Investment and Financial Services Association (IFSA).
The IFSA/CoreData Investor Sentiment Index emerged in positive territory for the second quarter in succession, rising to plus 5.0 in the current quarter.
The index, which combines investor responses to a range of questions to deliver a single measure of investor sentiment, started the year at minus 22.3 before rising to plus 2.3 in the second quarter.
Commenting on the index, IFSA chief executive John Brogden said the small but positive move in the right direction demonstrated that investors were slowly becoming more confident about both the economic and investment outlook in Australia.
He said the research suggested that investors now felt the economy was entering a growth phase, with both the business and economic outlook looking better than it has since CoreData began tracking investor sentiment in 2004.
AUTHOR
Mike Taylor
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