Australian investors growing in confidence
Australian investors appear to be becoming more confident about their returns, according to new research released by Franklin Templeton.
The latest Franklin Templeton Global Investor Sentiment Survey has found that Australian investors expect their average annual rate of return will be better this year than last year, and even better over the next 10 years.
However, it said that memories of the global financial crisis were still impacting investors, making them cautious in assessing their investment plans for the remainder of the year.
The Franklin Templeton research found that the top three asset categories expected to perform the best this year were stocks (60 per cent of respondents), followed closely by property (59 per cent) and precious metals (45 per cent).
Commenting on the research, Franklin Templeton Investments Australia managing director Maria Wilton said the results showed a clear bias for investors to keep their assets on home soil.
She said this was understandable, particularly given the attractiveness of the tax benefits associated with investing in Australian shares.
Recommended for you
Insignia Financial has reported net inflows of $448 million into its asset management division in the latest quarter, as well as popularity from advisers for its MLC managed accounts.
With ASIC questioning the dominance of research houses when it comes to retail usage of private market funds, a research house has shared how its ranking process sits alongside ASIC’s priorities.
Two Australian active fund managers have been singled out by Morningstar for their ability to achieve consistent performance and share price growth in the past 12 months.
Pinnacle Investment Management has expanded its private market coverage, forging a strategic partnership with a private markets manager via a 13 per cent stake acquisition.
