A recent survey by Datamonitor predicts wealthy Australians will have the majority of their money invested in equities by 2011.
The majority of Australia’s High Net Worth (HNW) population have their portfolio invested in equities, however most experienced their overall wealth decline in value over 2008 as the economic crisis unfolded and investment markets fell.
Wealth Managers are now expecting over 90 percent of their clients will demand direct equity investments.
David Lalich, wealth analyst, Datamonitor, said “if the stock market continues to rally this year we should see a wave of new investment from HNW individuals, while many will have learnt lessons from the equity crash ultimately this will not discourage them.”
Australia’s HNW clients are also likely to have the strongest product demand for direct equity investments up to 2011. Wealth managers on average expect around 92 percent of their clients to demand direct equity investments over the next two years.
Lalich said, Australia’s wealthy population are typically oppurtunisitic, have the majority of their portfolio in equities and with the market showing signs of recovery most clients will want to have exposure to shares in the near future.
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