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By Beverly Chandler, Opalesque London:
Skandia International conducted the Offshore Adviser Confidence Barometer in July 2011 and attracted responses from over 300 advisers from around the world – Hong Kong, Singapore, Dubai, UK, Europe, Africa and Latin America. 46% of the respondents were based in Hong Kong and the Far East, 26% in the Middle East, 14% in Europe, 9% in Africa and 5% in the UK.
The findings showed that mostly, offshore advisers feel more confidence in the shape of their local economies than in the global economy as a whole.
Confidence levels in advisers’ local economies, in particular Hong Kong and Singapore, scored at 6.2 compared with the outlook for the global economy which achieved a score of 5.4 on a scale of 1-10 where 10 signified the highest degree of confidence.
Global contagion was the greatest economic threat to their local regions for a third of offshore advisers, while nearly a quarter felt that rising inflation could have the greatest impact.
Unsurprisingly, 37% of advisers feel their clients have become more risk averse over the past six months as the outlook for investment growth continues to remain uncertain. However, at the same time, 17% of advisers believe that some of their clients may be prepared to accept a greater degree of investment risk.
This may explain why a significant 59% of advisers currently recommend specific fund solutions which are designed to match their clients’ attitudes to risk and return...................... To view our full article Click here
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