Investors dumping property for stocks
Australians now prefer to invest in stocks over property, term deposits and other investments, according to a survey.
According to the May 2020 Fear, Greed and Hope survey from Switzer Financial Group, 62.8% prefer stocks over property, and 62.5% of stock investors believed it was a good time to invest in the stock market.
In the February survey, 37.4% of investors believed the stockmarket would crash in 2021, with 40.7% expecting it to crash in 2025 or later.
When it came to their investment strategy due to the COVID-19 pandemic, 38.7% said they had become more conservative investors, while 21.5% said more aggressive.
Peter Switzer, director of Switzer Financial Group, said: “This great move up for stocks out of the bear market is a welcome trend that tells us that there’s an expectation that our economic future is looking miles better today than it did one, two and six weeks ago.”
Australian investors also thought biotechnology firm CSL and Macquarie Group were the stocks that would perform best over the next 12 months.
The survey featured almost 3,000 respondents which reflected the investing strategies of middle to mature aged investors who were either full-time workers or retirees.
AUTHOR
Chris Dastoor
Recommended for you
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
