Australian investors growing in confidence
Australian investors appear to be becoming more confident about their returns, according to new research released by Franklin Templeton.
The latest Franklin Templeton Global Investor Sentiment Survey has found that Australian investors expect their average annual rate of return will be better this year than last year, and even better over the next 10 years.
However, it said that memories of the global financial crisis were still impacting investors, making them cautious in assessing their investment plans for the remainder of the year.
The Franklin Templeton research found that the top three asset categories expected to perform the best this year were stocks (60 per cent of respondents), followed closely by property (59 per cent) and precious metals (45 per cent).
Commenting on the research, Franklin Templeton Investments Australia managing director Maria Wilton said the results showed a clear bias for investors to keep their assets on home soil.
She said this was understandable, particularly given the attractiveness of the tax benefits associated with investing in Australian shares.
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