To moomoo Singapore, the growth in its money market funds indicates its investors’ preference for storing liquidity and parking cash with lower-risk instruments amid an unstable market. To be sure, moomoo revealed that its clients are increasingly favouring thematic and differentiating solutions such as BlackRock's BGF World Energy Funds and ESG Multi-Asset Fund. The funds are currently among the top three best-selling funds within moomoo.
Nasdaq-listed Futu Holdings, the parent company of digital brokerage moomoo Singapore, reported that its assets under management (AUM) has surpassed the HK$30 billion ($5.27 billion) mark as at Dec 1.
In Singapore, moomoo’s wealth management asset balance has also grown four-fold since its 3QFY2022 results. According to the brokerage’s statement on Dec 13, moomoo’s wealth management continues to trend upwards with a strong net asset inflow.
