Illustrative image (Photo: https://www.thestar.com.my/) Kuala Lumpur (VNA) - Most Malaysians have set newfinancial goals to tackle inflation and economic difficulties, according toStandard Chartered's Wealth Expectancy Report 2022.
The survey showed that Malaysian investors cited inflation (40%),an uncertain global economy (28%) and the threat of recession (23%) as theirtop concerns.
To outpace inflation, 53% of Malaysian investors were looking toreduce their cash holdings, compared to 61% of global investors in the survey.
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Standard Chartered predicted that global cashallocations will fall from 26% in 2022 to 15% in 2023, indicated by investorresponses.
As many as 52% of the global investors expect toincrease their sustainable investments in 2023, the report said, adding that 49% of the investors inMalaysia have indicated they will also do so.
The reportexamined the shifts in investment decisions for more than 15,000 emergingaffluent, affluent and high net-worth investors in 14 markets, includingMalaysia, along with the resulting movements in major asset classes.
The survey resultsshowed that 80% of the local investors had set new financial goals for retirement,keeping up with rising costs, holidays, and major life experiences.
The research revealed that 67% of the localinvestors still believe that digital assets are an essential part of anyinvestment portfolio, compared to 62% globally, despite multiple setbacks inthe market last year./.
