Advisers embrace international shares
Advisers are flocking to international shares in record numbers, according to research by Perpetual Investments.
A survey by Perpetual Investments has found that twice as many advisers, or 60 per cent, now recommend that international shares should comprise up to 40 per cent of investments.
Perpetual group executive Gerard Doherty says the greater interest in international shares can be explained by the better understanding that investors have of the local and international markets compared to a decade ago. As a result, investors now make more sophisticated investment decisions.
Separate data released by Assirt lends support to Perpetual's findings. In Assirt's Market Share Report for December 2000, net inflows into Australian equities for the year was $3.4 billion. Inflows into international equities, meanwhile, was significantly greater, at more than $5.8 billion.
Two years ago, the inflows into Australian equities and international equities were reversed. Australian net inflows for the year to December 1998 was $1.3 billion, eclipsing the international inflows of just over $1 billion, according to Assirt's research bulletin released in February 1999.
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