Singapore (Commonwealth Union)_ A poll revealed that 68% of Singaporeans are still interested in investing and have money in the local market right now. 83% of Singapore Exchange equities, exchange-traded funds, and real estate investment funds, according to Syfe’s Singapore Investor Pulse Survey 2022, are held by investors. Over 1,000 Singaporeans between the ages of 18 and 55 participated in the Syfe poll.
“The Singapore market has genuinely been a bright light among its worldwide counterparts this year, and is well-loved by investors for being home to stable firms with good track records, as well as high dividend generating equities,” Dhruv Arora, founder and CEO of Syfe, said. The Singapore Investor Movement Index (IMX), which measures investor activity, decreased by 4.14% in September due to the market’s volatility. Singapore clients’ IMX was at 4.17, down from 4.35 in August, according to global online broker TD Ameritrade.All clients’ combined IMX decreased last month from 4.82 in August to 4.47 overall.
Greg Baker, CEO of TD Ameritrade Singapore, said the drop was caused, among other things, by tackling inflation and significant fluctuations in currency values. “Retail traders understandably took a risk-off approach in September, leaning into fixed income and investing in names built on solid fundamentals,” he said. This was due to the U.S. Federal Reserve’s commitment to taking a hawkish approach to fighting inflation, to big swings in currency values, to mixed U.S. jobs data, and to crude oil taking a nosedive.
As an indication of a strong home-ground attraction among Singaporean investors, Syfe found that 49% of those who are now invested aim to either keep or enhance their exposure. Syfe discovered that 90% of those who are not already investing have said they plan to do so over the next 12 months.
