Aussie financial planners ramp up Asia exposure
Australian financial planners' expectations for returns on domestic stocks are at record lows, so they are boosting offshore exposure, largely through funds. Asia and the US are the main beneficiaries.
Financial planners in Australia are the least confident they have ever been about domestic stocks, so are increasing their overseas equity exposure, most notably to Asia and the US, according to a new survey.
And they are putting a greater portion of client money into foreign equities and a smaller portion into overseas bonds and other assets than they did last year, found Investment Trends' 2015 Adviser Product Needs and Marketing Needs Report*.
The good news for asset managers…
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