rational investment decisions but their decisions are usually influenced by several factors and restrictions; emotion, beliefs and biases, for example. Those factors and restrictions cause investors to

(i.e. ASEAN PLCs that scored 97.5 points and above or 75% of the maximum attainable score of 130); and (iii) Top 3 PLCs in each participating country. ACMF will continue to collaborate closely with the

mutual fund. Such factors include emotion, personal belief and attitudes toward different channels of savings and investment. For example, some investors prefer low risk, principal guaranteed investment