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Market research
News Release from: TNS Global | Subject: Financial Experts study
Edited by the Marketingservicestalk Editorial
Team on 25 February 2008
UK asset managers threatened by Chinese
bubble
New figures released by global information providers TNS cast a shadow over the perceived impact of China's stock market bubble on the European economy.
The TNS Financial Experts study registered a significant concern among UK-based asset managers regarding the Chinese bubble phenomenon - with 48 per cent admitting concern for its potential impact on the UK industry Concern may stem from the fact that the UK market overwhelmingly sees recent growth of the Chinese market as purely speculative - with 80 per cent of respondents admitting this
This article was originally published on Marketingservicestalk on 24 Oct 2007 at 8.00am (UK)
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Sharon Rees, Head of TNS Finance, said: "While asset managers in the UK are less concerned than their colleagues in the US (62 per cent) and France (61 per cent), the overall outcome of the study highlights the growing global influence of the Chinese stock market.
"Although the market is in a potentially over-inflated position, which will need to be corrected, it could have a strong impact on the UK".
Key highlights of the study include the following.
Some 79 per cent of asset managers across Europe and the US have an interest in the Chinese market - falling to 65 per cent in the UK.
More UK asset managers than interviewees in any other European country are currently buying and selling Chinese stocks, with 24 per cent of interviewees trading Chinese shares compared to a cross-country average of 17 per cent.
Nearly half of industry professionals in all markets closely monitor developments in China's economy and 31 per cent closely monitor Chinese equity market developments.
Some 78 per cent of asset managers see growth in China mainly led by private local investors.
Following a period of significant growth, asset managers in general anticipate a 'smooth landing' for the Chinese equity market in 2008.
UK asset managers are generally more pessimistic but highly divided in their predictions - 28 per cent expect a significant correction of the Chinese equity market, 24 per cent think it will consolidate, and only 17 per cent forecast ongoing growth in China.
Survey conducted via phone interviews for TNS Finance Global Sector, 26 to 29 November 2007; 182 asset managers questioned, working for leading asset management firms in Europe and the US (32 interviews in France, 20 in Spain/Italy, 25 in Germany, 20 in Switzerland, 25 in Benelux, 30 in the UK, 30 in the USA).
Sample from TNS Sofres financial experts database TNS Experfi - a huge financial experts database set up in 1993, including 22,000 names of specialists (mainly asset managers and financial analysts).
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