Young Singaporean women more risk-averse and conservative in investing: Franklin Templeton
More than half of the respondents believe in investing young.
Franklin Templeton shared additional findings from its inaugural Next-Gen Investor Survey on 21 October, first announced in August.
The survey found that 89% of males are current investors compared to 72% of females. Around 17% of female respondents do not currently invest and have no plan to start investing in the next year compared to males (5%).
Female investors are also generally more conservative when it comes to expected investment returns. The majority of female respondents (63%) are either very risk-averse or moderately risk-averse compared to their male counterparts (48%).
"From the survey results, it is great to see that most young women in Singapore are current investors. However, they are generally less confident about their investment strategy and express anxiety in having to make an investment decision when compared to men in the same similar age group. We recognize that improving financial literacy for the next-gen investors is imperative, and we will continue our outreach efforts as well as work with industry partners to help them make informed decisions throughout their investment journey," said country head for Singapore Dora Seow.
The Templeton Next-Gen Investor survey was conducted online with 256 female and 246 male respondents aged between 18 and 35 years.