Investors in Singapore, Hong Kong and United Arab Emirates (UAE) still rely on past performance when it comes to fund choice.
Despite global regulators' warnings that past performance should not be used as a guide to future returns, research from Friends Provident International (FPI) highlights that past performance is a one of the key factors influencing fund selection for many investors in Hong Kong, Singapore and United Arab Emirates (UAE).
The research was conducted by surveying investors in each of the locations as part of the launch of FPI's new fund centre.
Commenting on the research, Jim Henning, Funds Marketing and Research Manager at Friends Provident International, said: "The short term direction of markets is unpredictable and we all know that fear and greed have a powerful influence over investor psychology. The new fund centre offers a very sophisticated but easy to use suite of tools for investors and advisers alike. It enables them to delve deeper with their fund selection analysis, to avoid the pitfalls, but without making the whole process unwieldy and slow."
The suite of tools available at the fund Centre includes annualised, discrete and cumulative performance over user defined time periods, fund risk ratings as well as external qualitative fund ratings from Old Broad Street Research (OBSR).
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