SINGAPORE (June 9): Institutional investors in the Asia-Pacific (APAC) region are the most confident about meeting their short- and long-term investment objectives amidst the coronavirus-induced market volatility, according to State Street Corporation.
In a statement released by State Street on Tuesday, the observation was derived from research conducted by CoreData in April 2020. The research study surveyed some 250 investment professionals, on the impact of the COVID-19 pandemic and how asset managers have handled the crisis. Of the 250, 16% are from the APAC region.
According to the study, about 38% of Asian institutional investors believe they will meet their short-term objectives, compared with just 24% globally. Some 85% of them believe they will meet their long-term objectives, compared to a mere 56% average worldwide.