Wednesday October 7, 03:56 AM

Source: Indian Express Finance

Debt investors optimistic on mkt: survey

By fe Bureaus
In its latest India Fixed Income Investors Survey report, conducted between August and September 2009, Fitch Rating states that the debt investors are optimistic about India s economic prospects. Under the survey, the investors were asked to respond to 17 questions on various market developments. Fitch received 35 responses from 45 of the investors polled, which includes some of the larger institutions operating in the Indian market over half of the respondents have more than Rs 5,000 crore of fixed income investment under management. The survey indicates that 60% respondents expect the economy to remain stable while 31% foresee a faster pace of growth. Overall, 63% of investors feel the worst in market disruption is over, and that the loss taking curve has bottomed out. This represents a considerable easing of investors views on the financial markets. A clear majority of investors (83%) believe the economy will recover over the next financial year. Only 3% expressed the view that the current slowdown in India would last for more than 18 months; 14% believe it will only continue for less than six months. About 82% of the investors feel the markets are past the worst of their disruption for the manufacturing sector however, a large number (55%) still feel they are yet to see the peak of market disruption in structured finance.