Mainland investors favor home resources
Print Edition
Chinese mainland investors prefer to invest in domestic assets because a lack of knowledge and an aversion to risks are preventing them from investing overseas, a survey found.
Mutual funds have a high penetration on the Chinese mainland as 57 percent of investors invested in them in the second quarter of this year, according to a report jointly released by Manulife-Sinochem Life Insurance Co and Manulife TEDA Fund Management Co yesterday.
Only 27 percent of the mutual fund investors invested in Qualified Domestic Institutional Investor funds, which offer access to overseas capital markets, the report said.
A lack of knowledge about overseas markets and the perception that investing overseas is too risky were among the top reasons for Chinese investors to stay away from investing overseas through mutual funds, according to the quarterly report.
The report was made after surveying 500 respondents who are the primary decision maker of financial matters in their households that have a monthly income of more than 15,000 yuan (US$2,346).
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