According to the report 40% of expatriates said they are concerned about the behaviour of financial markets, an increase from the 36% who said they were concerned last year.
This comes despite a strong rebound in equity markets last year, particularly in the second half, which saw the S&P 500 rise by 13.4%, the Nikkei 225 increase by 22.9% and the Euro Stoxx 50 rise by 13.8%.
However, despite their concerns, expatriate investors are “resisting the temptation to chop and change their portfolios”, said Lloyds, with only one in five (21%) saying they make frequent changes to their portfolio. This number has fallen from more than a quarter (27%) last year.
In fact more than half (53%) of those surveyed said that had made no changes to their portfolios within the last six months.
Lloyds said more than a third of investors (39%) said they had been discouraged from making investment changes due to a perceived lack of opportunity elsewhere.
Ian Martin, head of international advisory at Lloyds TSB International said: “While investors might be concerned that they aren’t seeing as many opportunities outside of their current portfolio, making fewer changes to their investments can be a sound approach in the current market.
“While the global indices remain in a state of flux it is often very difficult to predict in which direction the markets will move, and therefore longer term asset allocation picks have been key."
