Why Asian retail investors aren’t rushing into passive products

Asia’s retail investors are not showing the same appetite as institutions in the region or individuals in Europe or the US for passive strategies, including exchange-traded funds. There are good reasons for this, but also signs that the situation will gradually change. The most commonly stated reason is Asian investors’ greater appetite for risk. But this mentality might be down more to the relative immaturity of the region's investor culture. “One of our great hopes is that C…