A growing number of Australian investors are eyeing international markets but they still remain wary of European sovereign debt issues, according to a survey.
Last month, the appetite for international investment grew 9 per cent month-on-month, with 41 per cent of investors signalling their intention to invest in the next three months, the Certitude Global Investing Intentions Index showed.
The bulk of investors (89 per cent) looked to equities, which have been a long-time favourite due to their "good growth play", Certitude Global Investments CEO Craig Mowll said.
Sovereign debt concerns around Europe remained the biggest deterrent for international investment, discouraging around 17 per cent of prospective investors.
"What is surprising this month is that international funds covering multiple regions actually overtook Asia as the preferred option," Mowll said.
"There are a couple of possible reasons for this. Economic data out of Asia hasn't been as positive as investors would have liked, with US markets still uneasy about the future, investing in international funds gives them access to markets and regions that they may not feel comfortable about investing in directly."
The Certitude Global Investing Intentions Index is compiled monthly by Investment Trends.
