The latest investor confidence survey from Friends Provident International found only 52% of investors in Hong Kong and 53% of investors in the UAE and Singapore felt financially secure – despite all respondents being affluent or aspiring affluent.
The report, which was conducted between the end of February and the beginning of March, also found many investors were not confident about their pension savings. In Hong Kong only 37% of respondents believed they were saving enough – this figure was only slightly higher in the UAE at 39% and highest in Singapore at 57%. This is despite the majority of investors saying their main goal for saving was retirement.
Another finding from the survey was that investor confidence had increased in the UAE but had remained relatively stable in both Hong Kong and Singapore.
FPI said investor views towards asset classes had begun to align and that this was shown in the different regions views of gold and property. In Hong Kong there had been a 12% fall in confidence towards gold while in the UAE there was an 11% improvement. Views towards property meanwhile, were up 16% in the UAE and down by 20% in Hong Kong.