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.
AUTHOR
Mike Taylor
Recommended for you
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
