125 views

Investors reduce exposure to US markets in May: broker

TD Ameritrade said its clients' score in the Investor Movement Index dropped to 5.74.

Singaporean investors reduced further their exposure to US markets in May, according to MAS-licensed broker, TD Ameritrade.

In its latest Investor Movement Index (IMX), the broker reported that its Singaporean clients measured 5.74, a drop from its previous score of 6.10 in April.

IMX measures what investors were doing and how they were positioned in the markets.

Despite reducing their exposure in May, Singaporean investors were net buyers of equities overall and particularly favoured Tesla (TSLA) and Amazon (AMZN).

In terms of sectors, TD Ameritrade’s Singaporean clients were net buyers of communication services, consumer discretionary, consumer staples, financials, information technology, materials, and real estate.

Meanwhile, local investors were net sellers of American Airlines (AAL), Delta Airlines (DAL), and United Airlines (UAL) as “inflation continued to cloud the economic picture,” said the broker.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Singlife launches shared accident coverage for families
The insurer said this is the first personal accident insurance plan in the market.
Insurance
Singapore IPOs flatline in Q1 amid global investor caution: report
Singapore’s primary market remained dormant this quarter, despite its reputation as a financial hub.
Markets
Singapore GenAI course enrollments surge 240% in 2024
Only 32% of GenAI learners in Singapore are women, despite women making up 45% of all Coursera users nationwide.