13 Aug '11, 5am

Investors to be careful amid fragile economic climate: SINGAPORE: Minister of State for Finance and Transport, M...

Investors to be careful amid fragile economic climate: SINGAPORE: Minister of State for Finance and Transport, M...

SINGAPORE: Minister of State for Finance and Transport, Mrs Josephine Teo,urged investors to be careful in making investments, especially with the recent fragile economic climate. Speaking at an investment fair on Saturday, Mrs Teo said while the government has put in place safeguards to protect their interests, investors are ultimately responsible for ascertaining the suitability of a financial product for themselves. To help mitigate against the risks, she advised investors to ensure that the intermediary promoting the product is regulated by the Monetary Authority of Singapore (MAS). They should also consider how well they understand a product and its suitability in meeting their needs and if they have the time to monitor the performance of the product. Mrs Teo said that since the global financial crisis, the MAS has introduced measures to enhance the sale and advisory ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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