The survey was carried out amongst fund and asset managers both in Ireland and internationally who do significant business with Irish stockbroking firms. Stockbroking firms and corporates are not included. It was carried out on a web based questionnaire, during the period October-November 2004.
A total of 340 institutions were polled, involving 709 different individuals. Of these, 288 were overseas based, and 52 with Republic of Ireland addresses.
A total of 95 institutions voted. The response rate amongst Irish based organisations was 54 per cent, and amongst non-Irish 23 per cent. The most significant Irish based fund managers participated, with votes cast from institutions representing over 95 per cent of funds under management in Ireland.
Each institution had one vote in the equity or bond surveys. In most cases the vote was cast reprenting the institution, but in some cases votes cast by individual fund managers were amalgamated for the institution on an unweighted basis (this happened in five cases).
A total of 77 equity votes were included, and 35 bond votes. In recent years, reflecting the increasing globalisation of the business of Irish stockbroking firms the voting base of the survey has been increasing. So as to maintain a balance in the survey, this year we have re-introduced an element of weighting to the survey (based on assets under management). The weighting is based on funds under management in Ireland, or, in the case of overseas based fund managers, Irish funds.
In the early years of the Survey, the results were weighted, and this year, the equity survey votes were weighted in accordance with the below proportions:
Funds under management
EUR 10 – EUR 100 billion : x 10
EUR 5 – EUR 10 billion : x 3
EUR 1 – EUR 5 billion : x 1.5
EUR 1 billion and under : x 1.0
A similar approach was adopted with the bond responses,based on reported assets under management by the institutions participating. |
