CFA Institute has released “The CFA Institute 2015 Global Market Sentiment Survey (GMSS).” The survey highlights that CFA charterholders and members expect the global economy will grow by just 2% and the S&P 500 will rise 4.8% in 2015. U.S. respondents expect U.S. GDP growth of 2.2% for 2015. Other findings: the top picks for equity market performance in 2015 are the U.S. and China, and there is continued concern over quantitative easing, weak developed markets, and political instability. The survey also points out that six years after the financial crisis, investment professionals are still concerned about the lack of trust in finance and over half (63%) point to a lack of ethical culture within financial firms as the main factor. A full report on the findings can be found here.
January 28, 2015