UniCredit’s Wealth report: Italy’s clients invest short-term
In 2012, Italian investors showed a more risk-averse and cautious attitude to investments and stronger efforts to protect their assets, according to the findings of the ‘Wealth society report’, a survey on 159 clients of UniCredit Private Banking published by the Italian bank.
Compared to the previous years, in 2012 more investors gave priority to the possibility to easily disinvest over capital gain.
They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.
More than 60% of surveyed investors reviewed their strategy at least each two and three months and the relationship with private bankers also changed, the survey found.
Italian clients are now looking to build a more exclusive and individual relationship with their private banker, delegating less to the bank as an institution.
Investors asked for transparency in fund management, tools to monitor real-time their portfolio allocation, optimization of execution and tailor-made services.
Finally, more than 60% of surveyed clients said to use independent internet banking.