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Mass Affluent See Opportunity In Global Markets, Need More Guidance
Wendy Connett
17 February 2011
The
mass affluent are interested in investing in international markets, but say
they need more information and guidance, according to a survey byHSBC Bank. While
66 per cent agree that “investing in global markets is the future of
investing,” and 79 per cent are optimistic about the growth potential of these
countries, 67 per cent don’t know enough about these markets to allocate their
investments there. More
than four in 10 (41 per cent) are hesitant to invest in emerging markets
compared to two in 10 with developed markets. While eight in 10 believe having
an experienced advisor is necessary to successfully invest globally, 38 per
cent are currently relying on themselves to make investment decisions. Fifty-four
per cent are paying more attention to international current events and their
impact on global markets, the survey found. A majority (85 per cent) agrees
that current world events influence their investment approach and 34 per cent
say that learning about investing outside the US is more important to them than
it was two years ago. Three-quarters
of those surveyed say the ability to make the right investments globally comes
from having local expertise in each market. The
survey queried 501 mass affluent respondents, defined as having $250,000 or
more in investable assets, in January.