Taiwan retail embraces online trading

In 2007, each family in Taiwan had an average of $500,000 in assets, of which 50% was invested in real estate, 23% in bonds and securities, 6% in cash deposits, and 21% in other investments.Celent, a Boston-based consultancy, says as the number of millionaires rises, their investment habits change. It expects that more wealthy people in Taiwan will shift their asset allocation to emphasise funds and securities over real estate.For rich people, the firm notes in a recent study, equity …