The chief of the country's financial watchdog said Wednesday that asset management companies should design financial products that well inform investors of their risks for better protection. In a meeting with heads of 20 asset managers, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said asset management companies are also urged to play a role in productive finance to prop up the economy. "Asset managers should gain confidence from investors by creating sound market principles and fair competition," Lee said. The FSS chief also said his agency will fully support innovative financial products and asset managers' efforts to create an environment for long-term investments.