80% of Singapore Retail Investors Embrace Advanced Technology To Profit In First-half Of 2023

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) and its Parent Company today announces that its Wealth Management’s Assets Under Management (AUM) has increased by 33% in 7 months, hit SGD 7 billion as of 18 June. The growth in AUM reinforces the company as a trusted, fast-growing digitalised wealth management platform geared at delivering a tech-empowered investing experience.

Moomoo Singapore’s recent growth in AUM can be attributed to several factors, including the company’s pursuit to make fund investing a part of everyday life by offering more than 200 curated products from over 35 global asset managers, fuelling the number of fund investors of Moomoo Singapore increased by 33.8% quarter over quarter, as of the first quarter.

Funds listed on the platform are selected based on a stringent 6P Fund Selection Process that takes into accord an asset manager’s proven track record. The selection is conducted by a team of finance experts who handpick and screen based on the “6Ps” of Performance, Philosophy, Portfolio, People, Parent and Process. The proprietary screening process entails an in-depth qualitative analysis of the fund’s performance and the asset manager’s team and investment framework to provide Singapore clients with an array of selected products that help to preserve and build wealth.

The moomoo platform and application seamlessly integrate big data capabilities to empower Singapore investors in constructing robust and diversified portfolios by providing them with up-to-the-minute insights into high-performing investment themes and funds. Through sophisticated visualisation and data analytics, the platform empowers investors to make well-informed decisions about their portfolios. With these advanced features, 80% of Singapore investors can navigate the complexities of the financial markets with confidence and precision.

According to trading data by Moomoo Singapore, the top sought-after investment themes among Singapore investors are Energy (31%), Technology (24%), Asia (15%) and Healthcare (6%). Investors are looking for opportunities to enhance their portfolios as the world shifts from fossil-based energy production and consumption to a decarbonised green energy future. At the same time, technology disruptions are getting broader and more profound, propelled by the advanced adoption of Artificial Intelligence and robotics even in the energy sector.

Asia is transforming along with globalisation, backed by China’s reopening. According to Moomoo Singapore’s data insights, asset allocations to thematic investment opportunities in Technology, Asia and Global have grown significantly in the first half of 2023, compared to the second half of 2022.

The AUM in Money Market Funds have also been continuously growing in the first half of 2023, indicating that investors are more inclined to select these funds due to their liquidity and yields that are comparable to traditional ways of saving, Singapore Savings Bonds and T-bills. Given the present economic outlook, investors are inclined to diversify their portfolio with Money Market Funds to headwind market uncertainty.

·  Fullerton SGD Cash Fund

·  CSOP USD Money Market Fund

·  PIMCO GIS Income Fund MDis

·  Allianz Income and Growth MDis

·  Fidelity Funds – Global Technology Fund