"Kansai University Socio Network Strategic Research Organization *" conducted an Internet survey on investment behavior in assets such as investment trusts (respondents: 20 people aged 70 to 5,370).As a result, it was found that those who have financial knowledge are more willing to hold investment trusts in long-term investment.
Investment trusts are considered to be financial assets that play an important role in promoting asset formation that supports old age and in helping companies to obtain risk funds and grow.However, the long-standing problem in Japan is that the market size of investment trusts is smaller than in other developed countries.Therefore, the Kansai University Socio-Network Strategic Research Organization investigated the tendency of investment behavior under the theme of "Does financial knowledge change the long-term investment behavior of Japanese people?"
According to the survey, 14% of the respondents chose "investment trusts" when asked "Which assets are most suitable for long-term investment?" The result was less than "cash / deposit (28%)" and "domestic stocks (22%)", and about the same as "gold / platinum (15%)". The high selection rate of "cash and deposits" suggests that people have little awareness of inflation even in long-term investment and have a strong preference for cash and deposits.In addition, since the selection rate of "domestic stocks" was considerably higher than that of "investment trusts," it can be said that investment in individual stocks is generally more risky than investment trusts.
In the survey, we also conducted quizzes on "inflation" and "diversified investment".When examining the relationship between financial knowledge and investment behavior, those who answered both correctly in the quiz were nearly three times more likely to choose "investment trusts" as "the most suitable assets for long-term investment" than those who answered both incorrectly. (3% vs. 19%).This result suggests that financial knowledge may influence the long-term investment behavior of the Japanese.
However, it is not always good for people to own a lot of investment trusts because some investment trusts are concerned about the complexity and high fees.In addition, since investment behavior is determined by interactions with many factors including financial knowledge, it can be said that more detailed analysis is needed in the future regarding the impact of financial knowledge on investment behavior.Details of the results of this analysis will be announced at academic conferences and other occasions.
* Kansai University Socio-Network Strategic Research Organization is an attached research institute of Kansai University, which is certified as "Joint Usage / Research Center" by the Ministry of Education, Culture, Sports, Science and Technology.We are developing research activities utilizing economic laboratories that have one of the largest pools of subjects in Japan.
