Invest
Aussies are buying and holding more international shares
Holdings in international stocks now outrank some of Australia’s biggest companies.
Aussies are buying and holding more international shares
Holdings in international stocks now outrank some of Australia’s biggest companies.
The number of Australian investors holding and buying international stocks has continued to surge in 2021, with a particular focus on leaders in technology and decarbonisation.
Reporting released by nabtrade showed that investors currently hold more Tesla shares than local blue-chip stocks such as Rio Tinto, Woodside Petroleum and Woolworths.
“The trend of buying direct international shares has been growing at a much higher rate than domestic shares for the last five years, but investors still hold the bulk of their wealth in Australian equities,” said nabtrade director of investing behaviour Gemma Dale.
“To see an international stock, particularly a newer, more volatile company like Tesla, just outside the top 10 holdings on nabtrade is extraordinary.”
Ms Dale noted that there had been a rise in interest in sectors that are not well represented on the ASX, including solar energy, electric vehicles and green hydrogen.
While the popularity of international shares continues to grow, new investors still predominantly invest locally, with ASX 200 ETFs, the big four banks, BHP and CSL ranking among the top 10 buys of 2021.
The number of new accounts opened through nabtrade in the past year rose 200 per cent, following a significant spike in new account openings in 2020 that peaked at 500 per cent.
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