A recent survey has revealed that a small number of ex-pat investors in HK and UAE will seek financial advice not minding the fact that they could miss out on very rewarding returns.
In 2015, less than 25% of the investors in UAE said that they will seek professional advice before investing. Approximately 44% claimed that they will take in to account global market conditions before investing.
Although Hong Kong is part of the Asian markets that was predicted to have one-figure returns in 2015, about 16% of its investors are willing to seek expert advice before investing.
Despite 88% of the respondents in the region achieving an average investment return of just 7% last year, 80% said they would continue to rely on their own judgment to make investment decisions.
David Howell, CEO of Guardian Wealth Management said: “Expats not taking advice are normally too focused on groups of securities they are more familiar with. As a result are not maximising their investment and at the same time exposing themselves to unnecessary risk"
The survey showed 67% of investors living in the UAE felt the Middle East could deliver the best returns globally in the next year, higher than any other country’s view of the region.
Investing overseas can be a complex and any investment should be supported by qualified advice, independent risk profiling and investment management.