Investment Professionals Optimistic on Global Economic Growth in 2014, Concerned With Local Canadian Growth and Market Integrity
Annual CFA Institute survey finds increasing confidence in global economy, need for key reforms to strengthen financial system
(firmenpresse) - NEW YORK CITY, NEW YORK -- (Marketwired) -- 12/12/13 -- Investment professionals worldwide report greater optimism over economic prospects for the coming year, but do not express confidence that the integrity of capital markets is improving, according to the CFA Institute (GMSS). Sixty-three per cent of CFA Institute survey respondents think that the global economy will expand in 2014, representing a significant shift in opinion over the previous two years, however more than half (54 per cent) point to a lack of ethical culture within financial firms as the factor that has contributed the most to the current lack of industry trust. The annual survey measured the opinion of 6,561 CFA charterholders and members; to review the complete report and survey results, visit .
"The number of members who expect the global economy to expand has nearly doubled in the last two years, however this is no time for those in finance to become complacent," said John Rogers, CFA, president and CEO of CFA Institute. "The survey reflects that investor trust has been eroded and in order for the financial industry to be an extraordinary force for good, we must embrace ethical behavior at all levels. As markets rebound, we are working to ensure that attention does not shift away from meaningful reforms that might restore investor trust and strengthen the financial system's ability to resist shocks in the future."
Investment professionals increasingly confident global and local economies will grow in 2014
Weak economic conditions and the end of quantitative easing bring uncertainty to local markets
Members call for global oversight and local enforcement
Lack of ethical culture in financial firms eroding investor trust
The annual CFA Institute Global Market Sentiment Survey seeks input from CFA Institute members to gather data on key market and economic issues in the coming year. The survey was conducted online from October 2 to October 17.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit .
Contacts:
Sarah-Jane Purvis
CFA Institute
212-705-1738
Andrew Addison
FleishmanHillard
416-645-3648
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Datum: 12.12.2013 - 07:00 Uhr
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