Skaffold, which is backed in part by Roger Montgomery, has joined forces with Thomson Reuters to distribute its investment research platform to the Hong Kong and Singapore markets.
It is a wholesale distribution agreement for leading full service brokers. It is currently in implementation phase and is expected to be operational in 2014, according to Financial Standard.
Currently Skaffold’s Australian members can view the top 300 Hong Kong stocks, but as part of the distribution deal with Thomson Reuters users in Hong Kong and Singapore will be able to conduct research on all Hong Kong stocks, the report added.
The publication quoted Chris Batchelor, CEO of Skaffold, saying that a survey it conducted in October this year revealed that 69% of investors planned to maintain current exposure to offshore markets, with 5% saying they would decrease exposure to offshore holdings.
Instead the research revealed that the local market with 33% of respondents nominating it as the best for growth opportunities. Not surprisingly 46% of investors planned to increase their exposure to ASX listed shares over the next 12 months.
"The market is up 25% in the past 12 months and its well above where we consider being its intrinsic value. We are saying exercise caution because there is not a lot of value left in the market," Batchelor added.