Preparing for Retirement and Asset Growth by Joining Funds... 1 in 3 People Join Due to Employee Recommendations

[Asia Economy Reporter Oh Ju-yeon] It was found that one in three adults has subscribed to funds for retirement preparation and asset growth.

According to the '2019 Fund Investor Survey Results' report by the Korea Financial Investment Investor Protection Foundation on the 18th, 35.4% of respondents answered that they are investing in funds.

This survey was conducted from November to December last year on 2,530 adults nationwide. They mainly responded that they invest for retirement preparation (23.1%) or asset growth (22.9%).

The most common answer for product subscription was that it was made upon the recommendation of a fund sales representative (34.2%).

31.7% answered that they invested voluntarily, and 19.9% said they invested upon the recommendation of people around them.

31% of investors answered that they obtain fund-related information through sales representatives, followed by the internet (18.1%) and acquaintances (15.9%).

Among financial consumers who visited sales companies, 21.2% responded that they did not receive investor information confirmation or investment propensity diagnosis.

The product types were found to be stock-type (27.3%), mixed-type (27%), bond-type (16.5%), MMF (11.1%), derivative-type (8.1%), and real estate funds (7.5%) in order.

41.4% of respondents answered that they read the operation report after investing. Among those who read the report, 23.2% said they did not understand the contents of the report.

A foundation official pointed out, "Because there is a high dependence on sales representatives during the fund investment process, there is a risk of being easily exposed to incomplete sales."

This content was produced with the assistance of AI translation services.