4 in 5 Singaporeans to invest more amidst rising inflation
Digital investment platforms have become popular amongst respondents.
Around four in five or 79% of Singaporean respondents are planning to invest more amidst rising concern over inflation and volatile markets, a survey by Endowus said.
Only 19% of Singapore respondents said that they will be keeping to their current level of investments, with less than 2% indicating that they will be investing less.
There is also an increase of women investors, especially amongst younger Singaporeans. According to Endowus’ data, 39% of its clients are women investors with younger female Singaporeans representing the bulk.
Meanwhile, digital investment platforms have grown in popularity amongst Singaporean respondents, with 90% of them using digital wealth platforms and robo-advisors. 74% of them are currently using online brokerages whilst 28% of respondents are using crypto trading platforms.
Comparatively, only one in five respondents are tapping the services of traditional financial advisors, while one in four noted that they are using the investment services offered by banking institutions and traditional brokerages.
The Endowus Wealth Insights study was conducted in February 2022.