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.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
