Nation’s investors drawn to insurance products
Investor optimism soars as economic reforms in China generate new opportunities, Manulife report finds
As the investment interest of Chinese investors continues to grow, the importance of insurance products is looming larger within their investment portfolios, Yicai.com reported.
According to the latest Manulife Investor Sentiment Index (MISI) released by Manulife Financial Corporation, a Canada-based financial service provider, Chinese investors’ MISI has increased to 40 in 2018 from 33 in 2017.
The optimism of investors comes mainly from the fact that China’s economic reforms have continued to generate a lot of new opportunities.
Meanwhile, insurance products have played a more important role in their investment portfolio, accounting for 11% of their total investable assets, a 1% rise from 2017.
Chinese investors holding insurance savings increased by 5% to 50%, while that of personal health and medical insurance increased by 8% to 46%.
Investment interest in fixed income, cash, and real estate also increased significantly from the previous year.