U.S. Equity Barometers

During January 2012 Phoenix-IR researched the views of 84 leading institutions based in 10 European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands, Denmark and Sweden) managing total assets in excess of $3,000 billion. The results show a clear improvement in sentiment from both last quarter and six months earlier.

During the last two weeks of October 2011 Phoenix-IR researched the views of 82 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $3,000 billion. The results are perhaps surprisingly positive given market conditions. It appears that European investors see the recent market weakness as an opportunity to buy more U.S. equities and they seem to have an optimistic outlook for the next 12 months.

During July 2011 Phoenix-IR researched the views of 56 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $2,500 billion. The results confirm that Europeans still see value in the U.S. market but are cautiously neutral given current market conditions. Most of the research was undertaken in the second half of July, after the market's peak, but before the large sell-off in the first two weeks of August.

During May 2011 Phoenix-IR researched the views of 72 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $3,500 billion. The results show that Europeans have been buying U.S. equities, a fact confirmed by the ownership research we conduct for our clients.

During February 2011 Phoenix-IR researched the views of 55 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $3,000 billion. The results show a clear shift in opinion from believing the market was significantly undervalued three months ago to a being fairly valued today. This is a very rational reaction to the recent strong performance of the S&P 500.

During October 2010 Phoenix-IR researched the views of 78 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $4,000 billion. The results show little change in sentiment since Q2. On balance, Europeans feel the U.S. equity market is undervalued but they remain slightly underweight because they are cautious about the future. Although the falling dollar is on many people's minds, these investors are still net buyers of the greenback at these levels. And with cash positions remaining high there is more potential for inflows towards U.S equities than risk of outflows.

During July 2010 Phoenix-IR researched the views of 108 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $4,000 billion. The results show that Europeans continue to be cautiously optimistic on U.S. equities. There has been a significant change in sentiment from earlier in the year as investors now see valuations as attractive. However, fear about the fragility of the global recovery is holding many back from fully committing themselves to the market. With few investors currently overweight the S&P 500 there is plenty of potential demand sitting on the sidelines.

During February 2010 Phoenix-IR researched the views of 70 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $3,200 billion. The results show that Europeans are cautiously optimistic on U.S. equities. They are not looking to exit the market after its strong run but are focused on making concentrated bets on specific opportunities.

During September 2009 Phoenix-IR researched the views of European investors in U.S. equities. The objective is to track their changing perceptions and by sharing the results, help improve communication and understanding between Europe’s investors and North America’s issuers. The research sample covered 86 leading institutions based in nine European countries (UK, Switzerland, France, Germany, Belgium, Ireland, Italy, Netherlands and Sweden) managing total assets in excess of $4,000 billion.

During the week of May 18th, 2009 Phoenix-IR researched the views of European investors in U.S. equities. The sample covered 85 leading institutions based in eleven European countries (UK, Switzerland, France, Germany, Italy, Ireland, Luxembourg, Belgium, Netherlands, Sweden, Denmark) managing total assets in excess of $4,000 billion.

During the week of Feb 4, 2009 Phoenix-IR researched the views of European investors in U.S. equities. The market volatility in recent months has resulted in some changes in investor perception of the market. This short report summarizes the main findings.

During the week of Oct 13th, 2008 Phoenix-IR researched the views of European investors in U.S. equities. The fall in global equity markets over the last quarter has clearly resulted in significant changes in investor perceptions of the market. This short report summarizes the main findings.

During June and July 2008 Phoenix-IR surveyed European institutions to measure their appetite for U.S. equities as part of a shareholder identification survey. This short report summarizes the main findings.

During December and January 2008 Phoenix-IR surveyed European institutions to measure their appetite for U.S. equities as part of a shareholder identification survey. This short report summarizes the main findings.

June 2012  Request Invite
NASDAQ OMX 28th Investor Program in London on June 26, 2012
More than 30 companies will present and host one-on-one meetings with over 200 investors from across Europe.

June 2012  Request Invite
Whirlpool Corporation
Phoenix-IR advised Whirlpool Corporation on its investor meetings in London.

May 2012
General Electric
Phoenix-IR advised GE on its investor meetings in Zurich.

May 2012
Siparex Group
Phoenix-IR advised Siparex Group on its European investor meetings in Geneva and Brussels.

May 2012
American Express
Phoenix-IR advised American Express (AXP) on its European investor meetings in London and Edinburgh.

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