SG, HK investors more cautious amidst COVID

About 69% and 62% of Singaporeans and Hong Kongers, respectively, are now investing responsively.

The majority of investors in Singapore and Hong Kong have become motivated to invest responsibly amidst the COVID-19 pandemic, a study found.

In Wealthy, Healthy Planet – The Power of Personal Wealth in Sustainable Development, St. James’s Place Wealth Management Asia surveyed 2,000 affluent to high-net-worth investors in Singapore and Hong Kong.

Of whom, 69% of Singaporeans and 62% of Hong Kongers were found to be more cautious when investing.

“COVID-19 has spotlighted many of the critical sustainability issues we face and motivated investors to play a role with how and where they invest,” Gary Harvey, CEO, SJP Singapore, said.

“There is a tremendous opportunity for private wealth to play a growing role in driving forward sustainability agendas in Asia and globally.”

In Singapore, 64% of investors agreed that environmental, social, and governance (ESG) and sustainability are key factors in investing today.

The difference between age groups is wider in Singapore compared to Hong Kong, with 67% of investors aged 25-34 years old and 60% amongst those aged 45 years old and above.

Amongst Hong Kong investors, 61% say that ESG and sustainability are now key considerations in making investment decisions. This varied slightly between age groups with 63% of the younger investors, saying it is important, compared to 61% of those aged 45 years old and above.

“COVID-19 has brought sustainability to the top of corporate agendas with environmental and social issues such as climate change and social equality being top concerns for Singaporeans and Hongkongers,” Oliver Wickham, head of Business, SJP Hong Kong and Shanghai, said in a statement.

“Even as ESG issues continue to grow in importance, investors that are best positioned for the future will be the ones that engage in purpose-driven investments and who try to find ways where their investments can be better allocated to achieve both sustainability and other important societal goals.”

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.