Retail investors in the country have the strongest level of trust in the financial services industry, almost 30 percent higher than the global average, but are also concerned about data or confidentiality breach, with nearly 41 per cent of them stating that they would consider changing their current investment firms, says a global survey.According to the survey done by CFA Institute, a global association of investment professionals, 71 per cent of Indian investors trust the financial services industry, compared to 44 per cent globally and 49 per cent in the Asia Pacific region.Nearly 92 per cent of domestic investors still trust the system and capital markets and believe they have a fair opportunity to profit, the ‘The Next Generation of Trust: A Global Survey on the State of Investor Trust’ stated.The study, which was done by CFA Institute in collaboration with Greenwich Associates, gathered responses from 3,127 retail investors and 829 institutional investors from India, China, France, Germany, Singapore, the United Arab Emirates, United Kingdom, United States and other countries.Indian, as well as global investors, the survey revealed, believed that the most important attribute while taking a decision to hire a financial adviser was being able to trust that the… Read full this story
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