More than 60% 'very confident' in DIY portfolio construction

Added 21st November 2016

Nearly two-thirds of wealthy investors in Germany, Switzerland and the UK are “fairly” or “very” confident in their ability to construct investment portfolios without any outside help, according to a study conducted by asset management consultancy Cerulli.

More than 60% 'very confident' in DIY portfolio construction

Cerulli, which interviewed 1,050 retail investors with at least €200,000 (£170,526, $212,514) in investable assets in five European countries, found only the majority of Spanish investors still lack the confidence to construct their own portfolios: only 26% of them feel comfortable doing so.

Many Spanish investors have only recently started investing in liquid instruments, with most still holding the bulk of their savings in deposits.

"In practice, investors might not have the time to build and monitor a portfolio and they do not necessarily believe that they could do so better than their advisors. Nevertheless, they feel that they could get by with a minimum level of guidance," commented Barbara Wall, managing director at Cerulli.

Though Cerulli’s study was based on data gathered in only five countries, the American consultancy felt confident enough to make a sweeping conclusion: "The high confidence among investors in sophisticated markets reflects the level of financial education in Europe; it also suggests that investors in these countries might have a limited regard for professional advice," said Wall.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Tjibbe Hoekstra

Senior Reporter

Tjibbe joined Expert Investor as a senior reporter in March 2014. Before moving to London he worked as a financial news reporter for various news outlets in Amsterdam, including Reuters and ANP, the main news agency in the Netherlands. He also worked for Fondsnieuws, a website and magazine for finance professionals in the Netherlands. Tjibbe holds a MSc in Public Administration and a post-graduate diploma in Journalism.

Features

Disclosure is a benefit, 'not an enemy'

Disclosure is a benefit, 'not an enemy'

Having avoided the high commission trap, Isle of Man-headquartered IOMA Group is well placed to thrive in the new world of fee disclosure and transparency, says managing director Chris Kenning.

Analysis

Profiles

Directories

Canada Life International Limited
Canada Life International...

Canada Life International Canada Life House,...

Tweets

Events

IA International Portfolio Bond Forum Bristol 2017
IA International Portfolio Bond Forum Bristol 2017

Wednesday 22 February
Mercure Bristol Holland House Hotel

IA International Retirement Planning Forum Dubai 2017
IA International Retirement Planning Forum Dubai 2017

Wednesday 15 March,
Shangri-La Hotel, Dubai

IA International Portfolio Bond Forum Leeds 2017
IA International Portfolio Bond Forum Leeds 2017

Thursday 27 April
Thorpe Park Hotel, Leeds

IA International Portfolio Bond Forum London 2017
IA International Portfolio Bond Forum London 2017

Wednesday 3 May
Waldorf Hilton, London

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...