In terms of asset classes, the majority of investors here hold stocks and equities.
SINGAPORE – Investors here are adopting a more conservative investment stance compared with their peers in Asia and the Middle East, noted a report out on Sept 26.
In terms of asset classes, most investors in Singapore prefer to hold stocks and equities, followed by real estate, bonds and fixed income as well as cash and cash equivalents, said Swiss-based financial services provider Avaloq, which conducted two surveys in February and March to compile the report.
Investors here are still lukewarm to crypto and digital assets, citing a lack of knowledge, perceived volatility and low trust in crypto exchanges as key reasons for not investing in them. Mr Vibhooti Chaturvedi, regional director and head of South Asia at Avaloq, said the more conservative investment stance in Singapore could be due to the larger pool of older investors.
Around 47 per cent of Singapore investors have at one time considered switching their wealth management advisers, because they either failed to provide the expected returns or did not embrace new technology to service them.
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