How Asia’s Legendary Savers Are Missing Out on Greater Wealth
- Just 18% of emerging affluent use stock investments to save
- Conservative nature ‘surprising,’ says StanChart retail head
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Asia’s legendary savers are missing out on greater wealth by being too conservative, according to a study by Standard Chartered Plc.
An average of 39 percent of “emerging affluent” individuals in seven Asian countries rely on savings accounts to meet their top savings goal, while just 18 percent use investments in equities, according to figures in the survey released Monday.