UAE among world’s top markets with highest trust in the financial services sector

UAE among world’s top markets with highest trust in the financial services sector

The study identifies increased use of technology as a major trust factor, simplifying investing by improving access to markets and information

The study reveals that trust in financial services has reached an all-time high. — File photo

By Staff Report Published: Mon 25 Apr 2022, 3:19 PM

The UAE has been named among world’s top markets with highest trust in the financial services sector, according to a new study.

CFA Institute, the global association of investment professionals, recently published Enhancing Investors’ Trust — the 2022 CFA Institute Investor Trust Study, the fifth in its biennial series, which measures trust levels and explores the factors that drive trust in financial services among retail and institutional investors in 15 markets globally. The study reveals that trust in financial services has reached an all-time high.

The study reveals five factors driving higher trust in financial services: strong market performance, fee compression, tech-enabled transparency, greater access to markets, and new personalised products. The study identifies increased use of technology as a major trust factor, simplifying investing by improving access to markets and information. Half of retail investors and more than four-fifths of institutional investors say that increased use of technology has increased trust in their adviser or asset manager,