Australians become self-directed amid volatility
More Australians are relying on their own financial judgement despite recent market volatility, according to new research released this week.
The research, the CoreData Investor Sentiment Research Report, not only found that investor sentiment had slumped to levels not seen since the global financial crisis, it also found that more than half of respondents (53 per cent) were relying on their own judgement for financial matters - up from 47 per cent in the previous quarter.
It also found those not using a financial adviser were more likely to invest their money into an existing investment product (23 per cent) than those with an adviser (17.5 per cent).
Also indicating the mindset of investors was the survey's findings that three out of ten investors were most likely to rebalance towards cash over the next quarter, with only a quarter believing shares would outperform residential property.
AUTHOR
Mike Taylor
Recommended for you
The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November by Money Management's sister brand Super Review.
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
