SINGAPORE (June 17): Singapore finance industry professionals expect the S&P 500 and MSCI World Index to be down 12.5% and 10.4% respectively for this year, according to a survey done by Natixis Investment Managers.
More than half, or 53% of the respondents, believe that the initial volatility caused by the coronavirus crisis as driven more by sentiment than by fundamentals. They are optimistic the market will continue to right itself in the second half of the year. Their main concern is the uncertainty of what happens next, including how investors handle it, according to Natixis.
In Singapore, almost three-quarters, or 75% of the respondents indicated recession fears as a top concern, followed closely by market volatility (73%) and geopolitical events (32%).