Returns shortfall widens for S'pore investors

INVESTORS in Singapore are seeing a widening gap between their desired and actual rates of return on investment compared to a year ago because they are too domestic market-oriented and do not seek financial advice.

A 2014 global investment survey commissioned by Legg Mason Global Asset Management (LMGAM) found that investors here were getting an average return of 5.4 per cent on their investments, 3.1 percentage points shy of their desired 8.5 per cent.

The survey, which polled some 4,320 affluent investors in 20 countries between last December and January this year, found that the shortfall has widened by 1.2 percentage points from the 1.9 per cent gap a year earlier, the high…