Cashed-up investors face a tough retirement
Heavy cash holdings in Asia are limiting portfolio returns and condemning retirees to an uncertain future, according to a survey. Indonesians are likely to suffer most, while Hongkongers face major asset shortfalls.
Asian investors will never achieve their financial goals using their current investment portfolios, according to a new report.
With a high proportion of investors’ holdings made up of cash, their compounded shortfalls over the years will likely leave them facing penury.
Indonesians are facing the toughest retirement in Asia, and the survey indicates that Hong Kong investors will struggle to even come close to having enough assets for a 30-year retirement.
The latest report fro…
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