Wealthy investors are more pessimistic about the stock market than they were last year, according to a survey by PNC Wealth Management.
The Wealth and Values survey found that while 51% of wealthy investors were upbeat on the market last year, that figure has dropped to 40% this year, while pessimistic respondents now number 34% of the survey population, up from 28% in 2009. Optimism about the U.S. economy fell from 37% to 23% year over year and only 15% of wealthy investors anticipate near-term growth in real estate prices.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access