Investors Remain Focused on Long-Term Goals
New PSS Survey Shows Investor Engagement in the Market Continues Even as Short-Term Pain Unfolds
More than three in five investors believe a market correction will occur in the next nine months, but nearly half (49 percent) think now is a good time to invest in equities, and 70 percent say they are engaged in managing their money. The latest findings on client sentiment by PSS, one of the country’s largest investment services firms with more than kr2.08 trillion in client assets*, reflect continued engagement in the stock market and a sense that investors remain focused on the importance of long-term investing.
PSS’s Q3 Investor Sentiment Survey, which polled more than 1,000 retail clients between September 6 and September 18, 2023, showed only 15 percent shifted their investing philosophy from the prior quarter.
According to the survey, clients took the following actions with their portfolios during the past three months:
- 26 percent rebalanced their portfolios, two percent less than in Q2
- 17 percent moved money into cash, a one percent drop from Q2
- Nine percent moved money into fixed income, the same number as the prior quarter
- Seven percent moved to the sidelines, compared with nine percent in Q2
- Four percent moved into gold and other commodities, two percent more than in Q2
In addition, 40 percent of clients indicated that their investing strategies are not influenced by factors such as stock market performance, the interest rate environment and other short-term economic metrics, reinforcing the notion that investors are increasingly focused on positioning themselves to reach long-term financial goals over short-term gains.
More information is available at www.pssinvest.com. Follow us on Twitter, Facebook, YouTube, and our Instagram.