“We believe that emerging economies are the engines for
future growth, and portfolios that are positioned to take advantage of that
potential growth will likely benefit greatly,” Heinel said. “There are many
ways to tap global potential–whether through funds that invest in U.S. companies
with significant sales opportunities in new markets or through companies based
directly on the ground in countries outside the U.S.–but either way, an adviser
that finds portfolio managers with a global mindset and the ability to pick
good companies will find potential for greater growth.”
Despite recognition that globalized investments are
important in today’s portfolios, 43% of respondents have reduced exposure to
international bonds, and 41% have reduced exposure to international equities
since the Eurozone crisis began.
A majority of advisers (59%) cited the ongoing European
sovereign debt crisis as the most important issue impacting financial advice.
The presidential election was the second biggest factor (26%).
Compared with the same period last year, 59% of advisers are
seeing clients become more risk adverse, with increased interest in fixed-income
investments. Another 35% say risk tolerance levels are similar to what they
were a year ago.
The OppenheimerFunds Financial Advisor Global Investment
Survey was conducted between June 20 and 21 at the 2012 Morningstar Investment
Conference in Chicago. Respondents were 107 attendees, including registered investment
advisers (RIAs), financial advisers and other investment industry experts.