Investors are becoming more accepting of risk in a sign that fear may be giving way to hope, according to Hyperion Asset Management managing director Tim Samway.
Giving a presentation to financial advisers, Samway claimed this new investor outlook was seeing a shift away from cash and other non-growth assets as investors sought both good returns and preservation of capital.
"When investors are in 'fear' territory, they tend to stay overweight in cash. However, as investors seek more volatile asset classes like equities they must look for the quality stocks," he said.
However Samway warned of the continuing impact of short-termism, claiming that some investors were still shortening evaluation periods – something that was likely to undermine investment returns.
