Equities and property lose out to cash and gold

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Property in Hong Kong has lost is allure with cash and gold now seen as preferable investments. But investor confidence in Hong Kong, Singapore and UAE generally is at its lowest since Friends Provident International began compiling its Investor Attitudes Reports.

The Friends Investor Attitudes Index dropped in all three of the markets measured, the first time this has happened since the report began in June 2010. Hong Kong and Singapore's index scores dropped four points each to 11 and 12 respectively while United Arab Emirates (UAE) dropped two points to 15. The sharp fall in the Hong Kong index has been driven by volatile movements in sentiment across the asset classes. The global financial uncertainty is causing Hong Kong investors to choose less risky options with equities and shares suffering the most with a drop of 17 points to one point an...

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