MUMBAI: Investors worldwide have little trust in the investment profession and believe there is much that can be done to restore trust, according to the CFA Institute/Edelman Investor Trust Study. The study reveals that just 53% of investors in the US, UK, Hong Kong, Canada and Australia trust investment firms to do what is right.
Retail investors are less trusting of the industry (51%) than their institutional counterparts (61%), and investors in the US (44%) and UK (39 %) are less trusting than those in Hong Kong (68 %).
This lack of trust in the investment industry does not translate to the capital markets; nearly three-in-four investors report they are optimistic about their ability to earn a fair return in capital markets. Yet intensity of that confidence is low, as just 19 percent of investors 'strongly agree' that they have a fair opportunity.
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