Investors looking offshore
More Australian investors are intending to increase their exposure to overseas assets, according to the latest Certitude Global Investing Intentions Index.
The index, which tracks net demand for global investment, rose in August in what the company said was a continuation of the trend over the past quarter.
The index rose to 175 points representing a 3.5 per cent increase over July and an 11.4 per cent increase over the past quarter on a rolling basis.
The index analysis said that, as well, the timeframe for the intended overseas allocation continued to shrink, with 36 per cent of investors stating in August that they intended to make their next overseas investment within the next three months.
Commenting on the index, Certitude chief executive Craig Mowll said the research had shown that not only were investors more interested in global investments but they were also becoming more serious about actually allocating assets overseas.
"Forty-three per cent of the investors we surveyed believe they need more international exposure in their portfolios — this has remained consistent over the past quarter," he said.
"What has changed is that their intentions to act on this - by increasing their overseas assets - have risen steadily."
Recommended for you
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
Financial advisers will have to pay around $10.4 million of the impending $47.3 million CSLR special levy but Treasury has expanded the remit to also include super fund trustees and other retail-facing sub-sectors.
While social media can have positive financial influence, the overwhelming risks signal a greater need for affordable advice as Australians continue to seek financial education on social media.
Fitzpatricks Advice Partners has released a guide on building a national advice firm with the argument that these firms are crucial to facilitating growth in the struggling profession.
