Investors shift concern to US economy


Richard Gilbert
Investor sentiment has changed dramatically over the past two years, with the latest Investment and Financial Services Association(IFSA)Investor Sentiment research revealing concerns about war and terrorism have given way to concerns about the US economy and the share market.
The research, conducted by TNS and released today, revealed that 19 per cent of those actively investing for retirement said concern about the US economy was the main factor currently affecting their investment decisions.
This compared to less than 8 per cent of Australia’s passive investors — defined as those relying on nothing more than superannuation guarantee contributions — who were concerned about the US economy.
Commenting on the research today, IFSA chief executive Richard Gilbert said it was clear that those who were actively engaged with their superannuation were in touch with the recent events that had affected global investment returns.
However, he said it was important that these investors saw the recent market movements in the context of the last few years’ stellar performance of superannuation funds.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.