Hong Kong investor sentiment soared to a record high in May before the recent stock market slide, according to Manulife's survey.
Only a small percentage of investors surveyed were wary that market conditions could turn unfavourable, suggesting many investors are ill prepared to take a disciplined approach to manage their investments for the long term.
The Manulife Investor Sentiment Index (MISI) for Hong Kong shows that sentiment for equities soared by 24 points in May 2015, to stand at +35, the highest level since MISI was launched in early 2013.
The increased preference for stocks mirrored the gains to the Hang Seng Index and A-shares during April and May. Within the Greater China region, sentiment towards equities also largely followed movements of the stock market in the mainland China. The overall MISI across six asset classes was as a result brought to a record high, although it still remained in the negative region at -3, dragged mainly by the highly negative sentiment in real estate properties.
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