Tuesday, June 8, 2010

Investors Pick America Over BRICs in Global Bloomberg User Poll

The U.S. has supplanted China and Brazil as the most attractive market for investors as confidence in the global economic recovery wanes in the wake of the Greek debt crisis.

Investors are putting their money on President Barack Obama’s stewardship of the U.S. economy even as his job- approval rating has declined, according to a global quarterly poll of investors and analysts who are Bloomberg subscribers.

Almost 4 of 10 respondents picked the U.S. as the market presenting the best opportunities in the year ahead. That’s more than double the portion who said so last October, when the U.S. was rated the market posing the greatest downside risk by a plurality of respondents. (more)

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