Investors shift concern to US economy
Richard Gilbert
Investor sentiment has changed dramatically over the past two years, with the latest Investment and Financial Services Association(IFSA)Investor Sentiment research revealing concerns about war and terrorism have given way to concerns about the US economy and the share market.
The research, conducted by TNS and released today, revealed that 19 per cent of those actively investing for retirement said concern about the US economy was the main factor currently affecting their investment decisions.
This compared to less than 8 per cent of Australia’s passive investors — defined as those relying on nothing more than superannuation guarantee contributions — who were concerned about the US economy.
Commenting on the research today, IFSA chief executive Richard Gilbert said it was clear that those who were actively engaged with their superannuation were in touch with the recent events that had affected global investment returns.
However, he said it was important that these investors saw the recent market movements in the context of the last few years’ stellar performance of superannuation funds.
AUTHOR
Mike Taylor
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
