An election snap poll conducted by Dukas Linden PR and UK consultancy MHP Communications shows that 55% of institutions look to digital news outlets for credible news and information on business and financial markets as the election nears.
Just 19% favor traditional print media and 12% consult specialist trade publications relating to their particular sector. Less than 7% turn to social media first for business and financial news.
Results show global institutional investors are optimistic that they will improve their performance in the next year, but see the swell of populist sentiment around the world as a risk to future growth.
Almost half (47%) expect their firms to perform better year-over-year in 2017, 39% anticipate flat performance and 14% expect a dip.
Respondents to the survey included CEOs and portfolio managers of multi-billion dollar investment firms and research analysts for leading broker-dealers in the US, UK, Europe and Asia.
Investors favor Clinton
Hillary Clinton is viewed by 43% as the candidate whose policies would be most beneficial for growth prospects in the US, compared to 18% for Donald Trump.
There is growing concern for the rise of populist sentiment with 75% saying they are “somewhat” or “very” concerned about the impact of current anti-trade populist political movements in the US and Europe.
Potential “black swan” events that might disrupt markets in 2017 include:
• Populist political movements – 52%
• Significant cyber-attack on the financial system – 47%
• Increased terrorist activity – 28%
• Additional EU departures – 27%
• Sovereign debt crises – 22%
US economy is still the best
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An overwhelming majority (53%) predict the US as the region most likely to deliver the best economic performance in the next 12 months.
Asia (ex-China) and emerging markets (both 14%) tied for second, followed by Continental Europe (9%) and China (less than 5%).
Reflecting the Brexit vote, fewer than 2% saw the UK as a region likely to perform well, while Dublin and Frankfurt were seen as gaining at the expense of London.
“As communications advisors to leading global firms in finance, asset management and professional services, Dukas Linden PR and MHP believe that taking the pulse of the industry enables us to provide clients with informed advice about the forces shaping the global markets in which they operate,” Seth Linden, president of DLPR, said.
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