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Love of Cash Thwarting Asians' Retirement
Cost of financial goals, including healthcare and kids' education, is rising faster than investment returns in Asia
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Asians are facing the prospect of running out of retirement savings because they hold too much cash.
The average investor in Asia may see an investment return shortfall of 3.3 percent a year, according to a new report from Manulife Asset Management. That may seem small as a percentage, but it adds up to a very large sum when compounded over 10 or 20 years, it warns.