ShareScope Survey Results 2009

Monday 7th December


Over the next 12 months, which region or regions do you think will offer the BEST returns?
 
Answer Count %
Emerging 611 63.2%
US 190 19.6%
Japan 143 14.8%
Europe 115 11.9%
None 69 7.1%
UK 68 7.0%

Over the next 12 months, which region or regions do you think will suffer NEGATIVE returns?
 
Answer Count %
UK 436 45.9%
None 274 28.9%
US 237 25.0%
Japan 187 19.7%
Europe 165 17.4%
Emerging 71 7.5%

Retail consumer spending this Christmas will be:
 
Answer Count %
Online up / high street down 539 56.6%
Both Up 298 31.3%
Both Down 95 10.0%
Online down / high street up 20 2.1%

Monday 16th November


The markets have continued to confound many people. In our 7th September survey, 27% of you predicted no significant short-term falls whereas 40% of you forecast the FTSE 100 heading back down to 4500. Much of the rise in stock markets has been put down to the effects of quantitative easing (QE) but we'd like to know whether or not you think QE will have helped speed up Britain's economic recovery?
 
Answer Count %
Yes 385 33.1%
No 263 22.6%
Hard to tell yet 414 35.5%
Don't Know 103 8.8%

Monday 2nd November


What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 4th & 5th November?
 
Answer Count %
Up 47 3.9%
Down 9 0.7%
Unchanged 1134 93.7%
Don't Know 20 1.7%

Monday 12th October


Despite a fair amount of negative economic news recently, equity markets just don't seem to want to go down. When, if at all, are you expecting a significant correction to the rally (10% or more)?
 
Answer Count %
A correction is imminent 265 21.5%
Within 3 months 482 39.1%
Within 6 months 182 14.8%
Within a year 59 4.8%
We won't see a significant correction 173 14.0%
Don't know 72 5.8%

Monday 7th September


Despite the FTSE continuing to surge towards the 5,000 mark in recent weeks, many commentators still believe there will be a significant pull back over the next month or two. What level do you think the FTSE 100 will fall back to in September/October?
 
Answer Count %
No significant fall 209 28.6%
4500 296 40.6%
4000 142 19.5%
3800 37 5.1%
3500 13 1.8%
Below 3500 10 1.4%
Don't Know 22 3.0%


What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 9th & 10th September?
 
Answer Count %
Up 26 3.6%
Down 6 0.8%
Unchanged 683 93.8%
Don't Know 13 1.8%

Monday 27th July


Many investors are holding a high proportion of cash in the belief that the markets will retest the lows of March this year. For such investors, the recent 10-day rally has proven somewhat frustrating. Roughly what proportion of your investment capital is currently held in cash?
 
Answer Count %
0% 40 6.0%
1 - 25% 250 37.8%
26 - 50% 160 24.2%
51 - 75% 111 16.8%
76 - 99% 81 12.2%
100% 20 3.0%

What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 5th & 6th August?
 
Answer Count %
Up 28 4.2%
Down 2 0.3%
Unchanged 623 93.4%
Don't Know 14 2.1%

Monday 13th July

In February, we asked you which asset classes you thought would offer the best returns over 2009. Nearly six months on, let's see if your views have changed.

Which of the following asset classes do you think will offer the BEST returns over 2009?

July 2009 Result:
Equities 47.6%
Commodities 26.5%
Bonds 15.1%
Cash 8.2%
Property 2.6%

February 2009 Result:
Equities 43.2%
Bonds 25.8%
Commodities 20.0%
Cash 9.8%
Property 1.2%

Monday 8th June


In a recent survey conducted by the FT, it was found that 11 out of the 20 economists questioned believed the economy had "stopped contracting in June and was likely to start growing in coming months" (FT.com, 08/06/09).

Leading this sentiment, Alan Clarke of BNP Paribas claimed "the outlook for gross domestic product over the remainder of the year has improved dramatically...the recession is over."

To what extent do you agree with this statement?
 
Answer   Count %
Strongly agree - the recession is over and a full recovery is imminent   22 1.9%
Somewhat agree - whilst the economy is showing signs of recovery, it is premature to claim the recession is over   414 36.8%
Neither agree nor disagree   110 9.8%
Somewhat disagree - the economy has shown little or no improvement. Talk of a recovery is not only premature, but a little wide of the mark   421 37.4%
Strongly disagree - the economy is still contracting and the medium to long-term outlook remains bleak.   159 14.1%

Monday 18th May

In January, we asked you which sectors you were most bullish and bearish about for 2009. As we move towards the half-way mark, let's see if your views have changed.

Which of the following sectors are you most BULLISH about for 2009?

May 2009 Result:
The 5 most popular sectors were as follows:
Oil & Gas Producers 38.5%
Mining 33.8%
Oil Equipment, Services & Distribution 28.6%
Pharmaceuticals & Biotechnology 27.3%
Gas, Water & Multiutilities 19.1%

January 2009 Result:
The 5 most popular sectors were as follows:
Oil & Gas Producers 33.2%
Pharmaceuticals & Biotechnology 32.6%
Gas, Water & Multiutilities 29.9%
Mining 25.0%
Oil Equipment, Services & Distribution 22.8%

Which of the following sectors are you most BEARISH about for 2009?

May 2009 Result:
The 5 most popular sectors were as follows:
Travel & Leisure 27.7%
Real Estate 27.5%
General Retailers 27.3%
Automobiles & Parts 25.9%
Banks 23.3%

January 2009 Result:
The 5 most popular sectors were as follows:
General Retailers 39.5%
Banks 39.3%
Travel & Leisure 30.4%
Automobiles & Parts 30.3%
Real Estate 29.9%

Tuesday 5th May


Having hit new 6 year lows in March, the FTSE has seen a resurgence in recent weeks. For months, many commentators have been warning of a final leg to the bear market, although recently some, like Anthony Bolton, have pronounced that we are in a new bull market. Do you think the bear market has bottomed?
 
Answer Count %
Yes 361 36.8%
No 433 44.2%
Don't Know 186 19.0%

What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 6th & 7th May?
 
Answer Count %
Up 37 3.8%
Down 5 0.5%
Unchanged 918 93.8%
Don't Know 19 1.9%

Monday 6th April


Do you invest in foreign shares?
 
Answer   Count %
Yes   310 41.9%
No   429 58.1%

Have recent market conditions tempted you to look overseas for trading and investing opportunities?
 
Answer   Count %
Yes   304 41.5%
No   429 58.5%

If yes, which of the following instruments have you used?
 
Answer   Count %
Direct Equities   219 72.0%
Investment trusts   150 49.3%
Index tracking ETFs   142 46.7%
Unit trusts & OEICs   122 40.1%
CDIs   19 6.3%

Which of the following overseas markets have you invested in?
 
Answer   Count %
USA   239 78.6%
China   128 42.1%
Asia Pacific (exc. Japan)   120 39.5%
Brazil   115 37.8%
Western Europe   103 33.9%
India   103 33.9%
Japan   102 33.6%
Russia   72 23.7%
Eastern Europe   68 22.4%
Australia   64 21.1%
Hong Kong   46 15.1%
Canada   45 14.8%
Africa (Emerging)   42 13.8%
Singapore   25 8.2%
South Africa   24 7.9%
Argentina   18 5.9%

Monday 30th March


Do you think inflation is under control?
 
Answer   Count %
Yes   153 21.4%
No   481 67.5%
Don't Know   79 11.1%

Monday 16th March


According to information passed on to Liberal Democrats deputy leader Vince Cable from an anonymous whistleblower, Barclays bank is alleged to be making around £1billion a year from financial schemes aimed at avoiding paying tax in the UK and abroad (Sunday Times, 15/03/2009).

Which of the following statements best describes your feelings about this:

 
Answer   Count %
Tax evasion on this scale by large corporations is unethical. These companies have plundered the nation's wealth without repaying the necessary dues. The individual taxpayer is being fleeced.   218 21.4%
You can't blame companies for wanting to maximise their profits. Any tax evasion that operates within the law is a problem of legislation not corporate ethics.   574 56.5%
This is just another example of the "light touch" exercised by legislators and regulators on corporate governance over recent years. All parties are equally to blame.   187 18.4%
Don't Know   38 3.7%

Should Barclays receive Government/taxpayer help in the form of asset insurance?
 
Answer Count %
Yes 346 33.9%
No 481 47.0%
Don't Know 195 19.1%

Monday 2nd March


Former Royal Bank of Scotland Chief Executive Fred Goodwin has dominated the headlines in the past week, with the news that he will receive an annual pension of £650,000 for life - worth an estimated £16 million.

As Deputy Leader, Harriet Harman contests this settlement ("Sir Fred should not be counting on being £650,000 a year better off as a result of this, because it's not going to happen... it will not be accepted"), we ask you for your view on this matter.
 
Answer Count %
Lose it. Goodwin's pension is obscene. He should be forced to sacrifice all, or a considerable part of, the amount awarded. 261 29.6%
Voluntarily give it up. Goodwin is legally entitled to his pension, but should relinquish part or all of the settlement for the poor performance of RBS under his tenure. 338 38.3%
Keep it. Goodwin is being made a scapegoat; the pension was negotiated with his employer and was allegedly approved by the Government. 259 29.3%
Don't Know 25 2.8%

What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 4th & 5th March?
 
Answer Count %
Up 2 0.2%
Down 439 49.0%
Unchanged 432 48.4%
Don't Know 21 2.4%

Monday 16th February


As this week sees the first anniversary of the nationalisation of Northern Rock, we revisit the question we asked you this time last year to see whether sentiment has changed. In hindsight, do you think the Government made the right decision to nationalise Northern Rock?
 
Answer Count %
It was the right decision - there was no viable alternative 227 26.6%
It was the right decision - but the Government should have acted sooner 280 32.8%
It was wrong decision - the Government should have agreed a private equity solution 164 19.2%
It was the wrong decision - the Government should have let the bank fail 131 15.3%
Don't Know 52 6.1%

Following the announcement of a £10bn loss in the newly-acquired HBOS, Lloyds Banking Group shares plummeted around 35% on Friday, leading to speculation that public ownership of the bank is a possibility. How likely is a further banking-led downturn in the global stock markets?
 
Answer Count %
Very likely 245 28.6%
Quite likely 379 44.3%
Unlikely 97 11.3%
A further downturn is likely but not led by any particular sector 112 13.1%
Don't Know 23 2.7%

Monday 2nd February


What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 4th & 5th February?
 
Answer Count %
Up 7 0.8%
Down 399 46.2%
Unchanged 442 51.2%
Don't Know 15 1.8%

Which of the following asset classes do you think will offer the BEST returns over 2009?
 
Answer Count %
Equities 365 43.2%
Commodities 169 20.0%
Bonds 218 25.8%
Property 10 1.2%
Cash 83 9.8%

Monday 19th January


On Friday, the FSA lifted the temporary ban on the short-selling of UK financial stocks - a restriction which had been in place since September 2008. To what extent to you feel this measure helped to stabilise UK financial shares over this period?
 
Answer Count %
Significantly - without this ban UK financial sector would have lost even more ground 257 24.4%
Somewhat - the ban helped to slow declines, but only to a limited extent 386 36.7%
None - the ban had no positive effect whatsoever 355 33.8%
Don't Know 54 5.1%

Monday 5th January


What will happen to interest rates when the Bank of England's Monetary Policy Committee meet on the 7th & 8th January?
 
Answer Count %
Up 2 0.3%
Down 515 70.1%
Unchanged 201 27.3%
Don't Know 17 2.3%

Which of the following sectors are you most BULLISH about for 2009?
The 5 most popular sectors were as follows:
 
Oil & Gas Producers 33.2%
Pharmaceuticals & Biotechnology 32.6%
Gas, Water & Multiutilities 29.9%
Mining 25.0%
Oil Equipment, Services & Distribution 22.8%

Which of the following sectors are you most BEARISH about for 2009?
The 5 most popular sectors were as follows:
 
General Retailers 39.5%
Banks 39.3%
Travel & Leisure 30.4%
Automobiles & Parts 30.3%
Real Estate 29.9%

Click here to view all 2008 results.

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