China HNWIs dangerously overconfident: Julius Baer
Entrepreneurial zeal and lack of investment experience have given rise to unrealistic return expectations, says Kaven Leung, the Swiss private bank’s head of North Asia.
A strong entrepreneurial spirit has made Chinese high-net-worth individuals (HNWIs) dangerously overconfident about meeting unrealistic investment goals, warn executives at Julius Baer.
That was one conclusion from management at the Swiss private bank, which with partner Bank of China conducted a survey of 200 high-net-worth clients across 30 BOC private banking branches across the country.
When asked how confident they were in achieving their investment returns, one in five res…
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