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.
Recommended for you
The Federal Court has issued its verdict in ASIC's first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.
Investment managers who plan to implement artificial intelligence in the next five years expect to see increased productivity, but views are mixed on whether it will boost revenue and assets under management.
A former corporate adviser has been sentenced in the Supreme Court of Western Australia for insider trading to realise a profit of more than $57,000.
Private markets expertise is sought-after for investment operations hires as allocations to alternative assets rise, according to a recruitment firm, but there is a gap between demand and supply.