Advisers looking further than “safe havens”

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“Savvy” advisers are ditching the traditionally safe banking and mining investments and are instead turning their attention to service industries, new research shows.

Stock research application house Skaffold, used analysis of the latest user data to look at the behavioural patterns of more than 100 advisers over the past 11 months.

It found that while in April 2013, banks and resources formed the top seven of the top ten researched stocks; by March 2014 services formed the top four stocks, and five of the top ten.

Only one financial stock (ANZ) and one energy stock (Titan Energy Services) were included in the top ten most researched shares.

Chris Batchelor, Skaffold’s general manager said this change in behaviour signals an increased level of sophistication among Australian investors.

“Banks and miners have been the core of Australians share portfolios for many years.  However, with many analysts now saying the mining boom is over and that banking growth is likely to be flat, it’s pleasing to
see that advisers are getting more diversified in their stock research,” he said.

Research highlights included:
  • 46% of stocks evaluated in the Services sector
  • 20% in the Technology sector
  • 12% in healthcare
  • 10% of views were CBA and ANZ
 
Less changes were evident among advisers looking at international shares, however.

SEE MORE:

Ten investment tips for 2014

Adviser demand for absolute return funds 

Underperforming IPOs: 4 steps to avoid them 

 

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