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
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
