The Certitude Global Investing Intentions Index (CGIII) increased by 7.6 per cent over the month in July, with 43 per cent of the 750 respondents to the online survey agreeing they need more international assets in their portfolio.
“Investors are understandably reacting to significant data out of the major international economies,” Certitude chief executive Craig Mowll said.
“Concerns about the currency saw the United States lose some favour this month, and demand for emerging markets also dipped below the levels recorded last month.
“While preference for single region investments waned, interest in multi-region global funds increased.
“After the United States, these kinds of funds are now the second most sought type of international exposure,” he added.
The survey found that investors no longer saw market volatility as the top barrier to overseas investments, with threshold issues surpassing it as the single main deterrent. ‘Lack of funds [to invest in]’ was cited by 15 per cent as the main deterrent and lack of information about investments by 12 per cent.
Mr Mowll said confidence in markets was driving the appetite for global assets, with 74 per cent of investors expecting overseas markets to rise - up from 68 per cent in June.
“Last month, we saw a strong indication by Australian investors that they needed and expected to have greater international allocation within their portfolios, and this month that intention was even stronger,” Mr Mowll said.
“Thirty-two per cent of investors who are looking to invest globally plan to do so within the next three months, compared with 27 per cent last month.
“With concerns around volatility receding, they’re looking to capitalise on the opportunities they see in the near future.”
