2012 Issue 3
Issue Features
- Patience Brings Rewards for Private Equity Investors
- From DB to DC: Adopting Winning Strategies
- The Ascendancy of Quality Investing
Column: Voices
Departments
Online Exclusive
Managers Optimistic About Housing Market Rebound
2012 Issue 3
Northern Trust survey finds investment managers are also more positive about other key economic measures.
Northern Trust’s Investment Manager Survey Report Third Quarter 2012 found respondents more confident about some key measures of U.S. economic health, including a rebound in the housing market.
Specifically, 69% of the managers responding to the survey said they believe housing prices will increase in the next six months. The third quarter findings, released in October 2012, were 36 percentage points higher than the previous quarter’s survey.
Investment managers were also increasingly positive about other economic indicators.
- 82% of survey respondents see job growth remaining stable or accelerating in the next six months, compared with 56% in the second quarter.
- 87% of investment managers anticipate stable or accelerated growth in U.S. GDP, up from 70% the previous quarter.
Managers did cite some areas of concern. For example, almost seven out of 10 investment managers (69%) expected an increase in market volatility in the next six months. In addition, 21% of managers expressed concern interest rates would rise, and 27% expect higher inflation during the next six months; both findings were higher than the previous quarter’s survey. Further, managers said uncertainty surrounding the European debt crisis, the U.S. debt ceiling and fiscal cliff, and a potential hard landing in China continue to weigh on investors’ minds.
For complete survey findings, download Northern Trust’s Investment Manager Survey Report Third Quarter 2012.
© 2013 Northern Trust Corporation
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