A Barclays Insights study has shown that wealthy individuals based in the emerging markets, including in SA, are much more optimistic about global economic prospects than those in the developed economies.
The greater optimism among emerging market wealthy people reflects, in part, the relative outperformance of emerging markets and the effect of the recent economic downturn on the wealthy’s net assets has been much smaller in emerging markets than in the US and Europe. The majority of respondents believed equities and property would offer good returns over a 12- month or five-year horizon.
http://www.businessday.co.za/articles/Content.aspx?id=109711
www.directinvestment.biz
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