Asia has dethroned Europe as the first choice for investment exposure among international and expatriate investors, according to Luxembourg-based Internaxx broker, a joint venture of TD Waterhouse and Fortis.
The top four for investment exposure are Asia, Europe, US with the UK last, compared to Europe, US, Asia and the UK in 2006, according to research among expatriate investors in 30 countries.
“While the US is doing well, gains in equities are offset by losses in the dollar and discoloured by growing negativity towards the US economy’s long term prospects,” says Robert Glaesener, general manager of Internaxx. “The rise in the FTSE and the Dow are not being fuelled by enthusiastic expatriate and international investors, who in the main are looking East.”