Funds are Considered as a Suitable Old-Age Provision for many Austrians

Published: May 4, 2011; 06:49 · (Vindobona)

The majority of Austrian fund owners rate investment funds as a suitable old-age provision, according to the result of a recent population-representative study of AXA Investment Managers.

Funds are Considered as a Suitable Old-Age Provision for many Austrians / Picture: © Flickr

63% of the fund owners surveyed answered “yes” to the question of whether participation in an investment fund is suitable as old-age provision. At least 47% of the total respondents evaluate funds as suitable, although so far only 17% hold investment fund shares. Even those who have not invested in funds find them suitable for their retirement.

“However, many Austrians lack…

This article includes a total of 185 words.

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