Singapore retail investors' trust in financial institutions falls
Fall of 11 percentage points biggest among 15 markets surveyed; disillusionment over plunge in value in some instruments seen as possible cause
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Genevieve Cua
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Singapore
SINGAPORE retail investors' trust in financial institutions eroded significantly over the past two years, a survey by the CFA Institute shows.
The proportion of those who trust the financial industry (36 per cent) dropped 11 percentage points from the previous 2018 survey, where trust level stood at 47 per cent. This was the biggest drop globally among 15 markets surveyed.
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