Investors see another financial meltdown in 3 years: Survey

A majority of retail investors in India are fearing another financial crisis in the next three years and most of them lack confidence in their firm's ability to manage through the possible turmoil, says a survey.
According to a report by the CFA Institute, around 59 per cent of retail investors surveyed in India believe that another financial crisis is likely to take place in the next three years.
"Investors are anxious about the markets and hence expecting their investment managers to help them navigate through these volatile times," said Jayesh Gandhi, President of Indian Association of Investment Professionals (IAIP).

Around 68 per cent of those surveyed in India feels that the brand is more important than people.
"Trust and brand is high on the minds of investors but so are the concerns regarding fees, transparency and performance. It is vital for firms to communicate the value the investment management industry brings to society," Gandhi said.
Further, the report said that while trust has increased, investors remain concerned about ethics, transparency and performance.
"Retail investors demand full disclosure and clarity of fees and costs from financial professionals. 80 per cent viewed full disclosure of fees and other costs as an important attribute in working with an investment firm, followed by clear explanation of fees and costs," it said.

The report was produced after surveying 3,312 retail investors with investible assets of at least USD 100,000 in India, China, the United States, the United Kingdom, Canada, France, Germany, Australia, Singapore and Hong Kong.