Italian investors show greatest regret over investment decisions, says Schroders

More than three quarters of affluent Italian investors regret the investments made over the last 12 months, the highest proportion across Europe, according to research published today by Schroders.

As part of the European Wealth Index, which tracks investment behaviours of affluent investors, Schroders polled 1,341 investors across 12 countries, asking about investment regrets over last year and what they consider as the best course of action for managing their investments.

“In very challenging market conditions for Italian investors, it is understandable that many express regrets but it is positive that this has not shaken belief in the importance of sticking to a long-term investment plan,” said Luca Tenani, head of distribution for Italy at Schroders.

Regrets were mentioned by 76% of surveyed investors, compared to 79% in 2011. At European level, the proportion of investors stating regrets fell from 63% in 2011 to an average of 55% in 2012.

“Our study also shows that across Europe there has been an upturn in the proportion of investors that have engaged financial advice in the last year and it would seem that these factors are connected. At a time of change in Europe, we would encourage all investors to seek professional financial advice so that positive and insightful steps can be taken to keep investment plans on track,” Tenani added.

Findings for Italy also indicated a shift in investor’s attitudes.
In June 2011, regrets were related to general factors such as being too aggressive with investment decisions (19%), regret over investing altogether (17%) and being too conservative with investment decisions (10%).

In May 2012, Italian investors stated more specific issues.

About 30% of investors wished they had invested more to date, 18% regretted not having seeked more professional advice, not having done enough research (18%), not having invested more internationally (16%) and not having kept a closer eye on investment performance (15%).

Looking ahead, Italian investors show a long-term approach, and 30% of Italian investors considera as the best strategy to hold their investment, the same figure as in 2011.

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