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Funds are Considered as a Suitable Old-Age Provision for many Austrians
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: © Vindobona.org
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…
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