Local investors are less likely to go it alone in the current uncertain investment climate and will rather seek expert advice. They also expect to realise higher returns over the next five years. According to the Schroders Global Investor Study 2022, the majority of investors, regardless of experience, will enlist the help of a financial adviser or lean on the advice of fund managers. The study surveyed more than 23 000 investors from 33 global locations, including 400 South Africans.
He says this could be attributed to the better-than-average expected performance of the country’s domestic market in 2021. “We have to appreciate the unique and unprecedented position that South African investors find themselves in: caught in a climate of geopolitical instability and a local landscape that is undergoing a historic level of change. The role of financial advisers will become even more important going forward in helping South Africans to make clear and informed decisions that will reap long-term benefits.
South African investors also indicated they have plans to respond to rising interest rates, with 66% indicating that saving more and spending less was high on their list of priorities, followed by 57% who chose investing in crypto currencies such as Bitcoin and Ethereum and 55% preferring to repay debt faster to save on interest.