Advised investors, HNW favour data centre market: | Australian Markets

The latest stock trading data for the month of May from wholesale platform, AUSIEX, revealed each retail and high web value (HNW) self-managed super fund (SMSF) traders have elevated their holding of blue-chip shares by getting into the data centre market, upon the instruction of their financial advisers.

According to Chris Hill, National Manager of Strategic Relationships at AUSIEX, data centre stocks akin to Nextdc had been one of the highest 10 most purchased stocks in May by each suggested particular person traders and HNW SMSF traders with over $3 million of their accounts.

“Advised investors still selected some banks, such as CBA, along with a wider range of industrials,” he stated.

“Overall, financial advisers appeared to suggest their clients rely on a wide range of blue-chip shares. This included expanding into data centres such as Nextdc, which was among the top 10 bought stocks by advised investors.”

While financial advisers additionally nonetheless really helpful traders retain their allocations to the banks, direct traders had been much less inclined to take action and remained more targeted on buying industrials.

“Direct investors bought local resources leaders, such as BHP and Woodside along with Fortescue, Pilbara Minerals and Mineral Resources,” Hill stated.

“Banks were less favoured by direct investors than they have been previously.”

Hill additionally famous that suggested HNW SMSF traders had shifted away from index weighted exchange traded funds (ETFs) and bodily gold in May, as a substitute turning in the direction of equal weighted ETFs.

Similarly, the data indicated massive abroad institutional traders – significantly based mostly within the US – had elevated their shopping for exercise in Australia, as Hill famous they achieve this “believing the Australian market provides a somewhat ‘safe haven’ with respect to volatility in North American markets”.