Advised investors bought exposure to banks and industrials in May, according to the latest AUSIEX trading data.
The monthly statistics showed big four bank CBA was the most traded share during the month, while Westpac also featured on the top 10 list.
CBA hit the news at the start of June when its share price hit a record high of $181 per share, up from $153 at the start of the year. Shares in the bank have risen by 44 per cent over the past year compared to gains of 9 per cent by the ASX 200.
Wealth Data also found that the bank was down to zero advisers now following the acquisition of its high-net-worth personal advice business – Commonwealth Private – on 2 June by LGT Crestone.
LGT Crestone confirmed the deal has reached completion, seeing approximately $5 billion in assets under advice and 38 experienced professionals, including 18 investment advisers, brought across to the firm’s national advice network.
This means LGT Crestone’s assets under advice have now grown to $40 billion, with more than 400 professionals under its wing. This includes over 138 advisers, operating nationally across its offices in Adelaide, Brisbane, Melbourne, Perth and Sydney.
Chris Hill, national manager of strategic relationships at AUSIEX, said: “Overall, financial advisers appeared to suggest their clients rely on a wide range of blue chip shares. This included expanding into data centres such as NEXTDC which was among the top 10 bought stocks by advised investors.”
The 10 most bought stocks by advised investors were:
- CBA
- Telstra
- Wesfarmers
- Brambles
- BHP
- Woolworths
- Westpac
- Fortescue
- NEXTDC
- Woodside
The most bought stocks by advised HNWI SMSFs accounts over $3 million were:
- CBA
- Wesfarmers
- Woodside
- BHP
- Brambles
- Fortescue
- Healius
- Supply Network
- NEXTDC
- VanEck Australian Equal Weight ETF
Earlier this month, AUSIEX completed its acquisition of 100 per cent of FIIG’s issued shares, making it a wholly owned subsidiary of AUSIEX and finalising a deal previously announced to the market last month.
AUSIEX said it intends for the firm to “expand the range of products offered and provide services that meet a wider range of needs of institutions, family offices, financial advisers, high-net-worth and wholesale investors”.
Moreover, parent company Nomura Research Institute plans to invest in the development of these new services and actively promote partnerships with external vendors.
