Platforms benefit from investor optimism
Investors are the most optimistic they have been for two years, according to new research released by Investment Trends.
Addressing the Money Management Platforms and Wraps Conference in the Hunter Valley, Investment Trends senior analyst Recep Pecker said there was good news for platform flows because investors were beginning to move out of cash-type investments and back into the market.
"This year, platform flows are definitely up," he said. "Investors really are more confident than they have been for the last couple of years."
However Peker noted that investor confidence had been strongest in February and had dissipated somewhat in recent months as a result of some continuing global volatility and some domestic uncertainty.
The Investment Trends research confirmed that, on average, planners use two and a half platforms and select them according to getting the basics right rather than cost.
"Each year a quarter of planners stop using a platform and if you look at why they leave it is usually about fees," Peker said.
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