“Malaysians have about 43% of gross financial assets in bank deposits and we believe there is a lack of choice in the market, ” Wong(pic) said during the ‘New Age Investments’ Conference hosted by Malayan Banking Bhd. Wong claims that the percentage of young investors was disclosed by Malaysian regulators.
KUALA LUMPUR: Only a small percentage of young retail investors under the age of 35 are investing in the local stock market despite technological innovations that enable them to do so.
According to StashAway Malaysia country manager Wong Kai Wen, young investors are a “severely” under-served category due to expensive existing financial products and higher minimum investments required to invest in the market.
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