Investors don't understand diversification - IFAs

The independent results, commissioned by Scottish Widows Investment Partnership (SWIP), reveal just 3% of IFAs feel investors are best placed to make their own asset allocation decisions. SWIP global strategy head Ken Adams says he is alarmed IFAs feel retail investors don’t understand the need for diversification. “Putting all of your eggs in one basket is a highly risky investment strategy as the dot com bubble only too clearly highlighted,” he says. “Despite the crash in technology stocks in 2000, it is evident that still more work needs to be done to educate retail investors on the n...