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40% of Affluent Households Likely to Invest or Continue Investing Internationally
Nearly One-Third Investing More Globally Than in the Past
Affluent Americans are casting a wide net in their search for investment returns.
Two of every five (40%) affluent households, defined as having more than $500,000 in investable assets, say they are likely to invest or continue investing internationally, according to a new Spectrem Perspective(TM) report, "Meeting The Affluent Investors Needs Through International Investing."
Nearly one-third (31%) say they are investing more internationally than in the past.
International investing is significantly more popular among the affluent than some other well-known alternative investments. For example, just 8% of affluent households invest in hedge funds, 14% in venture capital, 15% in private placements and 27% in REITs.
"Many affluent investors today are looking to add international investments to their portfolios, far exceeding the number who invest in hedge funds, venture capital or private placements. The affluent view international investing as an 'alternative' approach, and in many cases are seeking more than just mutual funds to satisfy their global investment ambitions. For financial advisors, this suggests a need to provide affluent clients with a sense for how to invest internationally as well as where the best opportunities might be found," said Catherine S. McBreen, Managing Director of Spectrem Group.
When the affluent were asked which two countries or areas appealed to them most for investment purposes, the top responses were: China (30%), Europe (20%), Japan (12%) and India (11%).
The Spectrem Perspective(TM) report, "Meeting The Affluent Investors Needs Through International Investing," is based on a telephone survey conducted in early 2007 of 507 affluent U.S. households, defined as having more than $500,000 of investable assets. The data have a margin of error of plus or minus 4.3 percentage points. Data on affluent alternative investing are taken from separate Spectrem Group research.
Web site: http://www.spectrem.com/

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