The greying of Asia is happening. But is the region able to provide for the financial needs of its population that is also living longer? Asia’s savings rate is among the highest in the world. Ironically, a large part of this savings is still parked in deposits, which is paying next to nothing especially in the current low interest-rate environment. The growth of Asia’s fund management industry promises to address some of the challenges faced. But with the domestic markets tied largely to traditional distribution schemes, will there be a shift to better portfolio construction in the future? Should more investor education be encouraged to help better understand risks and the benefits of diversification? Can independent advisory become an accepted part in planning for the future?
15 May 2017