Following a few years of market volatility and increased inflation, the latest study found that 51% of Singapore investors are feeling “comfortable” with their financial situation, which is 4% higher y-o-y. Despite the increase, Singapore continues to lag behind its regional peers, with Australia, Hong Kong and mainland China’s numbers at 68%, 65% and 64% respectively. This sentiment was found to be consistent across all the age groups surveyed, from investors aged below 30 to 69.
With cash-related products offering their highest interest rates in more than a decade, today’s average investor in Singapore has around 42% of their current asset allocation in cash savings and term deposits, according to Fidelity International’s Asia Pacific (Apac) investor study. The study focuses on investors across mainland China, Hong Kong, Taiwan, Singapore, Japan and Australia.
However, investors are beginning to replace cash products with equity products amid increasing expectations of a global interest rate-cutting cycle in the next six to 12 months.
