Singaporean investor decisions still influenced by 2008 crisis
A global investment survey conducted by Legg Mason Global Asset Management showed that the investment decisions of 63 percent Singaporeans are still influenced by the 2007-2008 global financial crisis.
Legg Mason, a leading manager with $728 billion in assets under management, released the Global Investment Survey 2017 for Singapore.
According to the results, Singapore’s figure of 63 percent is the highest in Asia, surpassing 61 percent of China’s Hong Kong, 57 percent of China’s Taiwan and 53 percent of the Chinese mainland and above the global average of 56 percent, Xinhua reported.
“The global financial crisis and its impact on the Singapore economy are still relatively fresh in many people’s minds,” said Lennie Lim, Legg Mason’s Singapore-based Regional Head for Asia.
“The island nation is highly integrated with the global economy, so the local economy and capital markets were strongly impacted, hitting many households directly in the wallet.”
Singaporeans identify unemployment as a key investment concern, due