Advised investors, HNW favour data centre market: AUSIEX

Yasmine Raso

Senior Journalist, Financial Newswire

11 June 2025

The latest stock trading data for the month of May from wholesale platform, AUSIEX, revealed both retail and high net worth (HNW) self-managed super fund (SMSF) investors have increased their holding of blue-chip shares by entering the data centre market, upon the instruction of their financial advisers.

According to Chris Hill, National Manager of Strategic Relationships at AUSIEX, data centre stocks such as Nextdc were one of the top 10 most bought stocks in May by both advised individual investors and HNW SMSF investors with over $3 million in their accounts.

“Advised investors still selected some banks, such as CBA, along with a wider range of industrials,” he said.

“Overall, financial advisers appeared to suggest their clients rely on a wide range of blue-chip shares. This included expanding into data centres such as Nextdc, which was among the top 10 bought stocks by advised investors.”

While financial advisers also still recommended investors retain their allocations to the banks, direct investors were less inclined to do so and remained more focused on purchasing industrials.

“Direct investors bought local resources leaders, such as BHP and Woodside along with Fortescue, Pilbara Minerals and Mineral Resources,” Hill said.

“Banks were less favoured by direct investors than they have been previously.”

Hill also noted that advised HNW SMSF investors had shifted away from index weighted exchange traded funds (ETFs) and physical gold in May, instead turning towards equal weighted ETFs.

Similarly, the data indicated large overseas institutional investors – particularly based in the US – had increased their buying activity in Australia, as Hill noted they do so “believing the Australian market provides a somewhat ‘safe haven’ with respect to volatility in North American markets”.