Share market 'tests the patience' of Aussie investors
Sluggish growth in the Australian share market is testing the patience of investors, it has been suggested.
According to News Limited , the All Ordinaries index of 500 companies is struggling to deliver shareholders year-on-year growth, with figures from last week showing that the index was trading at the same level it was exactly five years ago at just over 4,400 points.
Commenting on the trend, Macquarie Private Wealth head of research Riccardo Briganti claimed that investors could face a long wait for the All Ords to get back to its 2007 levels of 6,900.
"I think we are talking about three to five years before it gets back to its highs," he told News Limited.
Poor share market expectations may tempt some Australians to compare term deposits in search of the best long-term returns. The Herald Sun last week revealed that Australia's self-managed super funds are currently home to about $34 billion in "excess cash", according to Investment Trends data.
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