US most likely to produce the next big innovation, investor survey says

NEW YORK: The US is most likely to produce the next big innovation, according to the second Investors in Innovation survey conducted by Waggener Edstrom Worldwide.

NEW YORK: The US is most likely to produce the next big innovation, according to the second Investors in Innovation survey conducted by Waggener Edstrom Worldwide.

Of the 130 global money managers and analysts surveyed, 74% of respondents said the US had “strong” or “very strong” potential to produce the next wave of “economically stimulative innovations” in the next five years. The survey gave respondents seven countries to choose from, including Japan, the UK, and India. China came out as the No. 2 country for potential innovation, followed closely by India and Japan.

The survey also found that, among a selection of industries, 82% of respondents believe that alternative energy has the largest potential for innovation.

In addition, more than half said management credibility was an “extremely important” non-financial variable that impacts investment decisions and recommendations. And 78% of survey participants replied “not sure” when asked about their view of the new Securities and Exchange Commission chairman, Mary Shapiro.

WE conducted the survey between April 1 and April 13, 2009. Respondents were a mixture of equity analysts, portfolio managers, and other market participants from all over the world.

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