High-net-worth investor confidence is at its highest level since the economic crash in 2008, according to a poll from the deVere Group.

The independent financial advisor reports that 57 percent of those surveyed stated they were feeling confident about the investment outlook for the next 12 months. This is an increase of four percentage points from the 2013 poll. The 2014 survey also found that 77 percent of the high-net-worth investors are "committed to investing more over the 12 months."

The last time investor confidence was higher than the reported level was in March 2007, when 59 percent of the deVere Group’s high-net-worth individuals expressed confidence in the investment outlook.

"The overarching upbeat sentiment is, I suspect, as a result of the U.S. economy performing strongly even with quantitative easing being tapered, the eurozone returning to growth and the U.K.’s potential of reaching 3 percent GDP growth this year, amongst other key factors," Nigel Green, deVere Group founder and chief executive, said in a statement.

deVere’s international investment strategist Tom Elliot cautioned investors to stay "internationally minded," stating that the eurozone is "recovering, yet it remains unbalanced."

"Also there are valid questions over the nature of the economic recovery in the U.S. and the U.K. – is it built too much on a real estate boom, and not by investment? If so, is the 2000-2008 period repeating itself? Furthermore, can China succeed in its ambition to deliver steady growth of 7.5 percent, faced with so much commercial debt on its books?" Elliot said in a statement. "Even bearing those points in mind, there’s no doubt that, overall, the world looks a safer, more ‘normal’ place now for high-net-worth investors than it did this time last year."

More than 750 deVere Group clients based in the U.S., the U.K., Hong Kong, the UAE, Indonesia, Japan, Thailand, India and South Africa who have investable assets of more than $1.5 million took part in the poll.

High-Net-Worth Investor Confidence Soars To Highest Level Since 2008

by Banker & Tradesman time to read: 1 min
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