Expat confidence in markets falls (page 2 of 2)

Expat investors sophisticated

Says Glaesener; "Expats do not seem to realize how sophisticated their investment patterns are. Expat investors are more progressive than what they state with much more internationally diversified portfolios and trading frequencies".

Possibly as a result of their sophisticated investment needs, research shows a large drop in the percentage claiming to be very satisfied with their principal financial providers from 37% in November 2004 to 18% today.

The biggest complaints are about customer service (50%), investment performance (50%) and price (44%). One in three is dissatisfied with the accessibility of their account manager and one in five does not rate their share dealing efficiency.

This sophistication is reflected in their sources of investment information. Interestingly, 46% rely on their financial advisers and 30% on their banks for advice, though overall 61% also claim to be self directed, depending on a wide array of national and international media, internet and broadcasters for their information.

Attitudes to property make interesting reading. After shares (86%) the most widely held asset class is property at 68%. One in three investors anticipate increasing their exposure and most of the remainder expect to keep their expsosure constant. Only 6% said they would definitely sell.

Attitudes to sustainable and ethical funds vary widely. Though the average investment among such funds is highest in Singapore and Asia at 16% it is lowest among those based in continental Europe at 4% and 8% among expats based in the UK and Middle East.

Robert Glaesener sums up; "Expat investors fully profit from their international exposure. Their dissatisfaction with growth prospects in developed markets makes them turn to economies where they see more potential. Given their background, they are best equipped to successfully exploit rallies in markets worldwide".