The influence of investment knowledge and risk perception on mutual fund choices among Millennials investors in Bangkok metropolitan area

au.link.externalLink [Full Text] (http://www.assumptionjournal.au.edu/index.php/icesde/article/view/4957/3074)
dc.contributor.author Muktapa Leelapamornkit
dc.contributor.author Thananporn Sethjinda
dc.date.accessioned 2021-07-05T07:41:57Z
dc.date.available 2021-07-05T07:41:57Z
dc.date.issued 2020
dc.description.abstract Mutual funds are one of the simplest investments and are considered a ‘gateway’ investment for new investors, which should make them ideal for new investors such as younger Millennials. It is more diversified portfolios in many sectors than direct investment in one sector. This research paper focused on investment knowledge and risk perception on mutual funds investment among Millennials investor which is largest population in Thailand . The research done have been collected from 427 Millennials mutual fund investors in Bangkok. The objective of this study was to investigate the effects of investor characteristics on investor knowledge, investor anxiety, risk-taking propensity, and risk aversion on the choice of mutual funds. Descriptive statistics showed that most of investors making transaction via mobile application and relying on online social media for source of information. Moreover, they had moderate investment anxiety and low to moderate risk-taking propensity, along with moderate investor knowledge and risk aversion. The result of logistic regression was investment knowledge only effects to equity fund investment. Investment anxiety effects to fixed income investment. In term of risk taking effects to money market fund and equity fund, while risk aversion only effects to equity fund. Finally, none of the factors had an influence on REIT, balanced funds and FIF. en_US
dc.format.extent 6 pages en_US
dc.format.mimetype application/pdf en_US
dc.identifier.citation AU Virtual International Conference Entrepreneurship and Sustainability in the Digital Era Vol. 1 No. 1 (2020), 308-313 en_US
dc.identifier.uri https://repository.au.edu/handle/6623004553/24895
dc.language.iso eng en_US
dc.publisher Assumption University Press en_US
dc.rights This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner. en_US
dc.rights.holder Assumption University en_US
dc.subject Investment behavior en_US
dc.subject Millennial en_US
dc.subject Mutual funds en_US
dc.subject Risk en_US
dc.subject Investment knowledge en_US
dc.subject.other AU Virtual International Conference Entrepreneurship and Sustainability in the Digital Era en_US
dc.subject.other AU Virtual International Conference Entrepreneurship and Sustainability in the Digital Era -- 2020 en_US
dc.title The influence of investment knowledge and risk perception on mutual fund choices among Millennials investors in Bangkok metropolitan area en_US
dc.type Text en_US
mods.genre Journal Article en_US
Files
Excerpt bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
AU-VICESD-Abstract-24895.pdf
Size:
294.6 KB
Format:
Adobe Portable Document Format
Description:
Abstract