PFM Trading says that a recent poll of its institutional clients revealed broad expectations for further upside in the equity market.
Shenzhen, CHINA – PFM Trading, Inc., www.PFMTrading.com, has released the results of a recent poll conducted on its institutional clients which shows that the majority have high expectations that the bull market in global equity markets will continue for the foreseeable future.
The China-based broker-dealer said it conducted the poll as part of its continuing preparations for a push to increase the income it derives from underwriting initial public offerings in the Asia Pacific region.
Edward Gold, vice-president at PFM Trading said, “While we have a buoyant and flourishing private client division, when it comes to IPO underwriting, any primary dealer will tell you that the lion’s share of stock placements will always be absorbed by institutional investors so, with that in mind, it made a great deal of sense for us to take the temperature of our client base.”
According to the poll, 66% of PFM Trading clients said they expected stocks to keep on rising while 32% said that the rises did not depend as much upon global central bank monetary stimulus as they did 12 months ago.
Asked to identify the drivers for the continued rise in overall share values for the next 12 months, 61% pointed to internet and technology stocks coming to market in IPOs, 13% in consumer staples, 11% in defensives like big pharma and 12% cited finance.
Warren Odey, the company’s Chief Executive Officer said, “The results of the poll are particularly encouraging at a time when our ambitions within technology and internet IPOs have seen us commit to new offices in Hong Kong and an enlarged salesforce.”
About PFM Trading, Inc.:
PFM Trading, Inc. is an independent investment and wealth management practice based in China, and staffed by consummate professionals with a verifiable track record of success in the global financial markets. As at 1 January 2013, PFM Trading managed over $3.5 billion of assets on behalf of esteemed clients around the world.
Here at PFM Trading, we enjoy an enviable reputation within the wealth management community. To others, the phrases “unique approach” and “due diligence” represent no more than marketing-speak but to us, they are a code: a code that is indelibly inscribed upon every part of our organization.
PFM Trading, Inc.
New World Centre,
No. 6009 Yitian Road,
Futian District, 22rd Floor,
Shenzhen, Guangdong, China, 518035