Appetite for overseas markets still overshadows ASX



Investors expect the local stock exchange to surge ahead in the next year, but it won’t be enough to drag them away from burgeoning overseas markets, a survey suggests.
Despite 70 per cent of surveyed investors tipping an Australian Stock Exchange (ASX) surge in the next 12 months, just a third listed Australia as their country of choice for stock options, research by online stock application Skaffold showed.
It ranked marginally ahead of the US, which was the chosen investment destination for 30 per cent, and Europe for 16 per cent of the surveyed 200 investors.
Skaffold CEO Chris Batchelor said although the sentiment towards Australian stock options was changing, preferences for many investors still remained overseas.
“Looking offshore, more than two thirds of respondents (69 per cent) said they intended to maintain current exposures to offshore markets,” he said.
“More than one quarter (26 per cent) said they would increase exposure and only 5 percent said they would decrease their offshore holdings.”
Recommended for you
Retailisation of private markets such as evergreen funds may seem like appealing options for wholesale and retail investors, but providers risk undermining trust if their products are unclear.
Ethical investment manager Australian Ethical has seen its funds under management rise by a third over FY25 to close out the year at $13.9 billion.
BlackRock Australia’s head of intermediary distribution James Waterworth has taken up a new distribution role at an alternative asset manager, while Antipodes has hired a distribution director.
BlackRock’s iShares ETFs have reported a record first half for inflows, gaining US$192 billion in the past six months, to see overall ETF assets under management rise to US$4.7 trillion as it launches its first active ETF in Australia.