The appeal for offshore assets among Australian investors remains high despite geopolitical conflict and its impact on global markets.
Demand for global investments shot up 5 per cent in April, after rising by 15 per cent in March, according to the Certitude Global Investing Intentions Index (CGIII).
Instability in Ukraine and Russia, a slowdown in the Chinese economy and the prospect of another market crash could not stop the wave of global investment, CEO of Certitude Global Investments Craig Mowll said.
He added that a weak Australian economy, along with the prospects of a tough federal budget, was pushing traditionally overweight Australian equities investors into offshore markets.
"This is borne out by the results of the CGIII, which indicated an increasing convergence in demand between Australian and international equities in April," he said.
"When combined with the fall in demand for term deposits, it appears that investors are gaining confidence with equities, and view them as a suitable alternative to term deposits, which continue to struggle to perform as interest rates languish at historically low levels."
Investors continued to be most attracted to the US/North America for investment, although this fell slightly from 48 per cent to 46 per cent in April.
Close at its heels was interest in international funds covering multiple regions, which is at 32 per cent.
