How powerful are fund distributors?
A Hong Kong SFC survey of investor education highlights the indispensable, perhaps overweening, role of distributors.
The Securities and Futures Commission in Hong Kong yesterday released a survey that explored the behaviour of retail investors, defined as adults aged 18 or above who had traded investment products in the last two years. The results encapsulate the leading role that distributors play in selling mutual funds, for better or worse.
First of all, it is clear that while the number of people investing in funds is on the rise, Hong Kongers still prefer to punt stocks, and have an excellent …
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