Local investors want income, harbour home bias: survey
Mutual fund investors here put a third of their allocation to S'pore
AN ONLINE survey of 300 investors has yielded two takeaways: One is that Singapore mutual-fund investors want a stream of income from their investments, and the other is that they have a stronger home bias than regional investors.
In the survey commissioned by insurer Prudential's asset-management arm Eastspring Investments, it emerged that the desire for income was more pronounced among those married with children, and those planning to buy a mutual fund in the next six months.
Asked how they would change their strategy if interest rates rose, nearly a quarter said they would invest more in an income-generating fund.
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